My buyers want to get an FHA loan to purchase a condo in Palm Springs, and asked me, today, which condo complexes are approved for FHA loans. Since I get this question, quite often, I thought I would share the answer here, for other buyers.
Unfortunately, there are very few. In fact, according to one of our local lenders, Bradley Mullen, with Franklin Loan Center, there are only 9 complexes in the city of Palm Springs, currently approved for FHA financing. See flyer, above, for Bradley’s contact information. FLC also does conventional, VA and other loans.
The 9 FHA Loan approved condo developments are:
Los Pueblos Assn.
Palm Springs Country Club Phase V
Sunrise East Condos
Please contact me today, at the number listed above, to make an appointment to see any condo currently listed for sale in one of these complexes, or any other condo complex in the city of Palm Springs.
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Very few condominium developments in the city of Palm Springs are FHA and VA approved. That means you may have a difficult time obtaining a loan for a condo in Palm Springs, unless you are obtaining a conventional loan.
Below is a list, provided by Keller Williams Realty, listing the current FHA and VA approved condo communities.
Biltmore Colony (expires 9-18-15)
Palm Oasis (expires 1-28-17)
Palm Springs Country Club (expires 1-27-17)
Sagewood (expires 4-14-17)
Sunrise Villas (expires 7-11-15)
The Palm Springs Deauville (expires 12-3-15)
Palermo (pending HUD Certification)
Contact your lender for detailed loan information and to get pre approved for a loan.
Contact me today, at the number listed above, for help finding a local lender or to start your home or condo search, or at firstname.lastname@example.org
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