Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

The subject property is a “Site Condominium” (detached condominium/single family residence). Does FHA differentiate between Site Condominiums and Condominiums?

April 26, 2017condominium detached family FHA Property Residence Subject

0

Posted

The subject property is a “Site Condominium” (detached condominium/single family residence). Does FHA differentiate between Site Condominiums and Condominiums?

1 Answer

0

Posted

• FHA does not differentiate between Site Condominiums and Condominiums. They are treated the same for underwriting purposes. In addition the appraisal must be completed on the Individual Condominium Unit Appraisal Report (Fannie Mae Form 1073).