Anyone is currently using FHA Spot Approval?

[Caroline Widjaja]

Hello,

Does anyone try this method yet? I want to know how it works. I'd like to help my clients (first-time home buyers) to get their dream home. HUD stated that as of October 15, FHA will insure mortgages for selected condominium units in projects that are not currently approved. It's designed for a single-unit approval instead of approving the whole units. I assume this procedure should be easier than before. Thank you for all your inputs!