Home Loan Type
Postal Code
Property Value
Mortgage Balance
Credit Rating
Full Name
Preferred Phone Number
By clicking "Submit" I am consenting to have my information shared with one to three lenders or brokers and to be contacted by each of them by telephone or email, even if I have previously listed myself on any corporate, state or federal do not call list.

Condominium Loans

Condominium Loans

FHA offers one of the most attractive condo mortgage loans for borrowers in the United States. Condo loans cover town-houses, row homes and apartment like dwellings in some states and are insured by the Federal Housing Administration. If you have lost some of your appraised value in recent years, consider an underwater mortgage refinance.

Condominium Mortgages: The 203b program may also be accessed to finance a unit in a condominium. FHA has a number of requirements regarding the project and ultimately condo loans that are government insured. For example, the condo must be part of a project with at least 2-units and 50% of the units must be occupied by the property owner.

Seller concessions Even with a FHA condo mortgage, sales concessions are limited to 6% of the sales price, or else they are treated as inducements to purchase which results in reduction of the 1st lien.


Sales concessions may include the following:

  • Discount points and origination fees
  • FHA rate buy downs
  • Closing cost assistance
  • Payment of condo fees
  • Builder incentives
  • Down payment assistance
  • Monetary gifts
  • Personal property
Our FHA lenders continue to extend several options for fixed rate terms.
30-Year FHA Rates 15-Year FHA Rates 5-Year ARM Rates


Pre-Approval Mortgage | Energy Efficient Loans with FHA | Condominium Loans
All FHA products are provided by FHA Home Loan Services, which may arrange loans with third party providers. FHLS is national lender. Not everyone will qualify for a government insured mortgage. FHLS cannot guarantee all loans will be made or whether all loan applications will be approved by the investing bank. This is not a commitment for a FHA house loan or an advertisement for credit as defined by paragraph 226.24 of regulation Z.
©2012 FHA Home Loan Services - All Rights Reserved - Disclaimers