FHA Apartment Loans -- easy or hard?

[David Smith]

FHA's multifamily program is for the purchase/refinance or

construction/rehabilitation of traditional, affordable, senior,

cooperative or manufactured housing communities. Properties must be in

good condition (for purchase/refinance) and not more than 30-40 years

old unless substantially rehabilitated. Borrowers must have previous FHA

ownership/management experience if they are managing the property

themselves or hire an FHA property manager unless an FHA waiver is

attained.