Loans funded by the Federal Housing Administration (FHA) account for a significant percentage of new mortgages, and with many of today’s buyers only able to purchase a home with an FHA loan, it is essential that REALTORS® understand which condominium and townhome properties are eligible for FHA loans.
Eligibility Check provides members with the only real-time source for checking condominium FHA loan eligibility and approval status by property address. C.A.R. members receive up to a 25 percent discount off the standard Eligibility Check pricing.
Clarus FHA Approval™ also offers Approval Services to assist condominium associations in obtaining FHA approval. Discounts are provided to condominium associations referred by a REALTOR®. Failure to be approved for FHA loan eligibility will almost certainly impact the marketability of a condominium. Encourage the condominium homeowners associations in your market area to seek approval for FHA loans now!
Approval Services is available by calling (818) 338-6588.
More info on Eligibility Check and Approval Services: www.clarusfhaapproval.com.
For all your real estate needs call or write:
John J. O’Dell
Real Estate Broker