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It's about to get easier to obtain FHA financing for condos. New regulations, going into effect on October 19, will allow individual unit approval for FHA financing even if the condo development as a whole is not FHA qualified. According to the National Association of Realtors, "Specifically, the new guidance extends certifications from two years to three, allows for single-unit mortgage approvals, provides more flexibility with owner/occupancy ratios, and increases the allowable number of FHA loans in a single project." Great news for first-time home buyers!
FLASH! Boston Magazine has named Trisha Solio a Top Real Estate Agent in the their ultimate resource guide.
Whether you want to sell your home in the Jamaica Plain, Roslindale, West Roxbury area, buy a home in Boston, Brookline, Cambridge or beyond, or discuss a Boston area investment property, The Surrealtors have the tools and expertise to help you!
With our extensive knowledge of the Boston area real estate market, we can help guide you in making wise real estate decisions as a first time buyer, experienced seller or buyer, or real estate investor.
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