On Oct. 15, the long-awaited FHA Condo Rule went into effect. Make sure you are prepared. National Association of REALTORS® (NAR) staff discussed the long-awaited FHA Condo Rule, and its impact on REALTORS® and consumers
in this video.
For many years, NAR urged the U.S. Department of Housing and Urban Development (HUD) to finalize changes to the previous rule that would ease restrictions on FHA financing for condominiums, thus enabling more first-time buyers, older adults, and low to moderate-income families to achieve the dream of homeownership.
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