Thursday, February 3, 2011

Clarus FHA Condo Home Loan Approval System

Clarus FHA loan approvals 

Real Estate Business Services Inc., a subsidiary of the California Association of Realtors, has teamed with FHA Pros LLC to launch a checking system for FHA condo community loan eligibility.

The Clarus FHA Condo Approval product includes two services:

  • Approval Services helps condominium homeowners associations meet regulations from the U.S. Department of Housing and Urban Development (HUD) that require an entire condo development be approved before an FHA loan may be granted for a single unit. 
  • Eligibility Check is a database that allows real estate professionals to determine FHA loan eligibility through a property address search.
FHA loans now account for about half of all new mortgages in California.  With FHA loans being so important and need for stronger property values, each condo association (HOA board) should try to get approved for FHA loans in those communities.
 
Whether purchase money home loans are available to buyers in Orange County, California, is essential for property owners and expected values.

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This is for information only and not the providing of tax or legal services.  If you have a question about a condo FHA loan approval, you should consult with a licensed and experience mortgage broker.

Seller and buyer opportunities for homes and real estate at Newport Beach, Orange County, CaliforniaHarrison K. Long - solutions for real estate and business - REALTOR® and broker associate, Coldwell Banker Residential Brokerage- 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs®.

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