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Home » Store » Inside Mortgage Trends » Owner-Occupancy Threshold for Condos Too High

Owner-Occupancy Threshold for Condos Too High

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Inside Mortgage Trends

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The FHA can be more flexible in insuring condominiums without increasing risk to the Mutual Mortgage Insurance Fund, according to a new analysis from the Urban Institute. The FHA proposed a rule in September that would give it more flexibility in formulating its condo rules. Specifically, FHA proposed to establish a permissible, minimum owner-occupancy range of 25 to 75 percent, while keeping the option of setting a minimum threshold within that range as ...
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