Back to Programs
loan
FHA Condominium Loan Program
Federal Housing Administration
Max Funding
$800,000
Program Overview
The FHA Condominium Loan Program enables homebuyers to purchase condos with low down payments. The condo project must be on FHA approved list or go through approval process.
Eligibility Requirements
Buyers purchasing units in FHA-approved condominium projects. Standard FHA credit requirements apply.
Additional Requirements
Condominium project must be FHA-approved, minimum down payment 3.5%, credit score minimum 580 for 3.5% down or 500 for 10% down
How to Apply
Apply through FHA-approved lender. Verify condo project is FHA-approved or work with HOA to get approval.