How to determine if townhome/condo can be sold via FHA

[Emir Yildiz]

Hey everyone,

Looking to get a townhouse or a condo to invest (flipping, not rent out). I'm not very familiar with FHA (still new to this actually as an agent).

I know FHA is very picky when it comes to Condos and they have to be on an approved list, or go through hoops to get it (if they can get it), but I think townhomes are a little different story.

How would I know if a property can be sold after I fix it with an FHA? We're looking to do homes around 100-150 range in Palm Beach County, so that is for lower income families. We def need FHA available to the buyer... I don't see anything on MLS that shows a property is FHA approved (for townhomes or condos). I found a HUD list on a .gov website, but every condo on there seemed expired. I'm not sure if those include townhomes...

Looking to be pointed in the right direction so I don't end up getting a home that isn't purchasable with a FHA...

Thanks!

[Christopher Phillips]

Emir Yildiz

You can't flip with an FHA loan. It's for owner occupants and you must have the intentions of living there at least 1 year.