We have been seeing many banks and mortgage companies struggling to get deals closed because they do not understand what is needed on a master insurance policy. Specifically they do not understand Fannie Mae & Freddie Mac’s guidelines when it comes to co-insurance
In order to buy a condo with FHA financing it must be on their approved list. Below is a list of approved condos for Broward County Florida. It’s not a lot but if you are looking in these condo projects it makes it very easy.
