Does An HOA Need FHA Approval? | Why HOA FHA Approval is Beneficial

As FHA insured mortgages become more and more prevalant in the Ohio condominium lending market, many board members and professional property managers have inquired as to whether a condominium association has the duty to become FHA approved. As the article linked below from HOA Leader indicates, while there is no duty that condominiums obtain approval, many of the “smart” condominiums are doing so:

http://www.hoaleader.com/public/Is-Successful-FHA-Certification-a-Fiduciary-Duty-Discussion-Forum-Followup.cfm

Jeffery Kaman

Jeffrey E. Kaman is the Administration Department and Columbus Office Chairs. Jeff earned his law degree from the Cleveland Marshall College of Law, after graduating with honors from Loyola University Chicago with degrees in Honors History and Political Science.

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