Following is Part 1 of a list of FHA-approved Condominium projects in Portland, Oregon.  (Future posts will also show FHA-approved condos in Tigard and Lake Oswego, Oregon.)  CLICK here for Part 2 of the list of Portland FHA Approved Condominiums.

***UPDATED 10/2/08 – for a complete, up-to-date list of FHA-approved condominiums by state CLICK HERE.***

FHA financing is becoming popular once again with buyers, particularly first-time buyers, due to the new increased loan limit of $418,750 here in Portland, Oregon.  When considering purchasing Condos or Townhouses the condo projects must have already been approved by the FHA and HUD and be on the FHA-approved condominium list provided below in order to obtain FHA financing:

You can borrow up to 97% financing for a purchase and up to 95% for a refinance.  The down payment can be 100% gift and Down Payment Assistance Programs are allowed DPA programs are ending October 1, 2008. Down payments will be increased to 3.5%. A seller can pay up to 6% towards allowable closings costs and/or pre-paids.  There are no reserve requirements and no minimum credit scores. Make sure you speak to a lender and get pre-approved before you decide to make an offer.  FHA loan amounts vary from state to state, so make sure you check on your particular area and become familiar with the requirements where you live.

FHA APPROVED CONDOS IN PORTLAND, OREGON

Name/Alias	Condo ID	City	State	Zip Code	Status	Field Office
RVINGTON IRVINGTON	065-VA 001	PORTLAND	OR		Approved	Portland, OR
ABITARE CONDOMINIUMS ABITARE CONDOMINIUMS	222-VA 001	PORTLAND	OR		Approved	Portland, OR
ANDREA TERRACE ANDREA TERRACE	002-VA 001	PORTLAND	OR		Approved	Portland, OR
APPLEGATE APPLEGATE	003-VA 001	PORTLAND	OR	972190000	Approved	Portland, OR
BINFORD BINFORD	007-VA 001	PORTLAND	OR		Approved	Portland, OR
BRAEWOOD CONDOMINIUMS BRAEWOOD CONDOMINIUMS	247-VA	PORTLAND	OR		Approved	Portland, OR
BROOKHURST CONDOMINIUMS BROOKHURST CONDOMINIUMS	229-VA	PORTLAND	OR		Approved	Portland, OR
BROWNSTONE HOMES,A CONDOMINIUM BROWNSTONE HOMES CONDO ASSOC.	BROWNSTON	PORTLAND	OR	972290000	Approved	Portland, OR
CANTERBURY HEIGHTS CONDOMINIUM CANTERBURY HEIGHTS OWNERS ASSO	CTRBRYHTS004	PORTLAND	OR	972240000	Approved	Portland, OR
CANTERBURY HEIGHTS CONDOMINIUM CANTERBURY HTS. OWNERS ASSOC.	CTRBRYHTS005	PORTLAND	OR	972240000	Approved	Portland, OR
CANTERBURY HEIGHTS CONDOMINIUM CANTERBURY HEIGHTS CONDOMINIUM	CTRBRYHTS006	PORTLAND	OR	972240000	Approved	Portland, OR
CANTERBURY HEIGHTS CONDOMINIUM CANTERBURY HEIGHTS OWNER ASSOC	CTRBRYHTS007	PORTLAND	OR	972240000	Approved	Portland, OR
CANYON DRIVE CANYON DRIVE	015-VA 001	PORTLAND	OR		Approved	Portland, OR
CAPITOL HILL CONDOMINIUMS CAPITOL HILL CONDOMINIUMS	CAPITOLHI	PORTLAND	OR	972190000	Approved	Portland, OR
CARLISLE CONDOMINIUM CARLISLE CONDOMINIUM	252-VA	PORTLAND	OR		Approved	Portland, OR
CEDAR TERRACE CONDOS CEDAR TERRACE CONDOS	233-VA	PORTLAND	OR		Approved	Portland, OR
CITADEL CONDOMINIUMS,THE CITADEL CONDOMINIUMS,THE	205-VA	PORTLAND	OR		Approved	Portland, OR
CK TOWNHOUSES CK TOWNHOUSES	013-VA 001	PORTLAND	OR		Approved	Portland, OR
COLUMBIA POINTE COLUMBIA POINTE	023-VA 001	PORTLAND	OR		Approved	Portland, OR
COLUMBIA WAY CONDOMINIUM COLUMBIA WAY CONDOMINIUM ASSOC	COLUMBIA	PORTLAND	OR	972030000	Approved	Portland, OR
COMUS PLACE COMUS PLACE	025-VA 001	PORTLAND	OR		Approved	Portland, OR
COOPER STREET BUNGALOW COURTS COOPER STREET BUNGALOW COURTS	COOPER	PORTLAND	OR	972060000	Approved	Portland, OR
COPPERFIELD COPPERFIELD	027-VA 001	PORTLAND	OR		Approved	Portland, OR
CORNELL MEADOWS CORNELL MEADOWS	028-VA 001	PORTLAND	OR		Approved	Portland, OR
COTTAGES AT CUSHMANS DOWNS COTTAGES AT CUSHMANS DOWNS	163-VA 1-6	PORTLAND	OR	972360000	Approved	Portland, OR
COURTYARDS AT SPRINGVILLE COURTYARDS @ SPRINGVILLE	CRTYDS@SP	PORTLAND	OR	972290000	Approved	Portland, OR
CRAWFORD HOUSE CONDOMINIUMS CRAWFORD HOUSE CONDOMINIUMS	185-VA	PORTLAND	OR		Approved	Portland, OR
DEODAR DEODAR	032-VA 001	PORTLAND	OR		Approved	Portland, OR
DOWNTOWN VILLAGE, THE DOWNTOWN VILLAGE, THE	230-VA	PORTLAND	OR		Approved	Portland, OR
EASTSIDE OAK STREET ROWHOUSES EASTSIDE OAK STREET ROWHOUSES	034-VA 001	PORTLAND	OR		Approved	Portland, OR
EDGEWATER HOUSE CONDOMINIUMS EDGEWATER HOUSE CONDOMINIUMS	243-VA	PORTLAND	OR		Approved	Portland, OR
ELIZABETH LOFTS CONDOMINIUMS ELIZABETH LOFTS CONDOMINIUMS	ELIZABETH001	PORTLAND	OR	972090000	Approved	Portland, OR
FAIRWAY CREST FAIRWAY CREST	039-VA 1-3	PORTLAND	OR		Approved	Portland, OR
FANNO POINTE CONDO-PHASE 1&2 FANNO POINTE CONDO OWNERS ASSO	FANNO	PORTLAND	OR	972230000	Approved	Portland, OR
FARGO ROW CONDOMINIUMS FARGO ROW CONDOMINIUMS	FARGO ROW	PORTLAND	OR	972270000	Approved	Portland, OR
FIREHOUSE RIDGE FIREHOUSE RIDGE	041-VA 001	PORTLAND	OR		Approved	Portland, OR
FOSTER VILLAGE FOSTER VILLAGE	FOSTER	PORTLAND	OR	972360000	Approved	Portland, OR
FRANCISCAN VILLAS FRANCISCAN VILLAS	045-VA 001	PORTLAND	OR		Approved	Portland, OR
FREMONT VILLAGE PARK FREMONT VILLAGE PARK	176-VA	PORTLAND	OR		Approved	Portland, OR
GABRIEL COMMONS GABRIEL COMMONS	046-VA 001	PORTLAND	OR		Approved	Portland, OR
GANDERRIDGE GANDERRIDGE	047-VA 001	PORTLAND	OR		Approved	Portland, OR
GARDEN TERRACE GARDEN TERRACE	165-VA	PORTLAND	OR		Approved	Portland, OR
GATEWAY ARBORS CONDOMINIUMS GATEWAY ARBORS CONDO ASSOC.	GATEWAYAR001	PORTLAND	OR	972200000	Approved	Portland, OR
GATEWAY ARBORS CONDOMINIUMS GATEWAY ARBORS CONDO ASSOC.	GATEWAYAR002	PORTLAND	OR	972200000	Approved	Portland, OR
GATEWAY ARBORS CONDOMINIUMS GATEWAY ARBORS CONDO ASSOC.	GATEWAYAR003	PORTLAND	OR	972200000	Approved	Portland, OR
GATEWAY CONDOMINIUMS GATEWAY CONDOMINIUMS	281	PORTLAND	OR	972200000	Approved	Portland, OR
GATEWAY TOWERS CONDOMINIUM **GATEWAY TOWERS CCONDOMINIUM	GATEWAYTOA	PORTLAND	OR	972200000	Approved	Portland, OR
GLENNBROOKE RIDGE GLENNBROOKE RIDGE	048-VA 001	PORTLAND	OR		Approved	Portland, OR
HALSEY GREEN HALSEY GREEN	052-VA 001	PORTLAND	OR		Approved	Portland, OR
HAYDEN BAY HAYDEN BAY	054-VA 001	PORTLAND	OR		Approved	Portland, OR

 

 

 

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