What are the FHA Insurance Requirements for Condos?
Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions
For FHA you have upfront mortgage insurance and monthly mortgage insurance. On top of that you need walls in coverage or HO6 coverage. Sometimes the master condo policy covers this, when it doesn't lender will require a separate HO6 policy.
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
Are you talking for the development or for an individual unit?
Ask our community a question.
Get an answer
Related Questions
