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I read someplace that FHA treats subdivisions and MPC's the same as condos.
Is this true? How does this work for you if you are one of the early buyers?
Do most developers get FHA approvals before being 2/3 built-out.
How do new developments survive if they can't attract FHA buyers from the start of construction until the 2/3 completion milestone
is reached?
TIA veracious
FHA only cares about attached condo's, nothing else. Attached PUD's, detached condo's (called site condos), detached PUD's, single family residences, etc... all do not get reviewed. FHA does not finance co-op's.