Foothill Ranch FHA Approved Condos and Townhomes
Foothill Ranch: There are four neighborhoods, or tracts, of homes designated as condominiums in Foothill Ranch. Of the four neighborhoods of condos, three are attached condos/townhomes (Salerno, Vineyards, and Tuscany). The remaining tract, Brittany, is a neighborhood of detached condominiums. As of September 27th, 2011 Salerno is the only condo project that is FHA approved in Foothill Ranch.
An Ounce Of Prevention: If you are planning on using an FHA loan to finance a condo it is vital to know ahead of time (before you waste time and effort touring homes that are not eligible) which tracts/neighborhoods of condos are FHA approved. There is no exception to this FHA rule... the project/tract/neighborhood must be FHA approved.
Dave's Tip: It is also prudent to check the expiration date of a project's FHA approval. At present time fewer and fewer condo projects are eligible to retain FHA approval after the expiration date transpires. You must have the FHA approval number on your loan prior to expiration date for the project.
| FHA Approved Project | Condo ID # | Composition | Expiration Date |
| Salerno At Provence | S008289 001 | 210 Units |
7/12/2012 |
FHA Approved Condos For Sale In Foothill Ranch
OC Real Estate Solutions
by DAVE GUBLER| IML REAL ESTATE | broker license #: 01274644
direct: 949 292 2763 | office: 949 218 0952
web: imlrealestate.com | blog: oc real estate solutions
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Great information to provide for buyers and sellers because so many are not aware that not every condo can be purchased with an fha loan.
Dave: This is excellent information on the condo market in Foothill Ranch. Great tips for FHA buyers.