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 to obtain FHA financing.

***UPDATE - 10/02/2008: For an up-to-date list of FHA-approved condominiums by state, CLICK HERE.***

Three other posts were written for FHA-approved Condos in Lake Oswego , and Part 1 and Part 2 for Portland, Oregon.  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.

Following is a list of the FHA-approved Condominium projects in (MLS 151) Tigard, Oregon.

FHA APPROVED CONDOMINIUM PROJECTS IN TIGARD, OREGON:

Name/Alias	Condo ID	City	State	Zip Code	Status	Field Office
ASH CREEK PARK ASH CREEK PARK	005-VA 001	TIGARD	OR		Approved	Portland, OR
BONITA FIRS VILLAGE BONITA FIRS VILLAGE	177-VA 001	TIGARD	OR		Approved	Portland, OR
BONITA FIRS VILLAGE BONITA FIRS VILLAGE	177-VA 002	TIGARD	OR		Approved	Portland, OR
CANTERBURY HEIGHTS CONDOMINIUM CANTERBURY HEIGHTS OWNERS ASOC	CTRBRYHTS001	TIGARD	OR	972240000	Approved	Portland, OR
CANTERBURY HEIGHTS CONDOMINIUM CANTERBURY HEIGHTS CONDOMINIUM	CTRBRYHTS002	TIGARD	OR	972240000	Approved	Portland, OR
CANTERBURY HEIGHTS CONDOMINIUM CANTERBURY HEIGHTS CONDOMINIUM	CTRBRYHTS003	TIGARD	OR	972240000	Approved	Portland, OR
CANTERBURY WOODS CANTERBURY WOODS	014-VA 001	TIGARD	OR		Approved	Portland, OR
IMPERIAL COURT IMPERIAL COURT	IMPEREALC	TIGARD	OR	972240000	Approved	Portland, OR
KING CITY CONDOMINIUMS KING CITY CONDOMINIUMS	258-VA 001	TIGARD	OR	972240000	Approved	Portland, OR
SCHOLLS VILLAGE CONDOMINIUMS SCHOLLS VILLAGE BLDG:1-3,16,17	SCHOLLVIL001	TIGARD	OR	972230000	Approved	Portland, OR
SCHOLLS VILLAGE CONDOMINIUMS SCHOLLS VILLAGE BLDGS:4-7	SCHOLLVIL002	TIGARD	OR	972230000	Approved	Portland, OR
SCHOLLS VILLAGE CONDOMINIUMS SCHOLLS VILLAGE BLDGS:8-11	SCHOLLVIL003	TIGARD	OR	972230000	Approved	Portland, OR
SCHOLLS VILLAGE CONDOMINIUMS SCHOLLS VILLAGE BLDGS:12-15	SCHOLLVIL004	TIGARD	OR	972230000	Approved	Portland, OR
SCHOLLS VILLAGE CONDOMINIUMS SCHOLLS VILLAGE BLDGS:2-5	SCHOLLVIL005	TIGARD	OR	972230000	Approved	Portland, OR
SCHOLLS VILLAGE CONDOMINIUMS SCHOLLS VILLAGE BLDGS:1,6 & 7	SCHOLLVIL006	TIGARD	OR	972230000	Approved	Portland, OR
TIGARD WOODS CONDOMINIUM SLEEPY HOLLOW APARTMENTS	TIGARDWDS	TIGARD	OR	972230000	Approved	Portland, OR
WILLOW BEND WILLOW BEND	161-VA 001	TIGARD	OR		Approved	Portland, OR
WOODSPRINGS CONDOMINIUMS WOODSPRINGS CONDOMINIUMS	186-VA	TIGARD	OR		Approved	Portland, OR

(For more local and national real estate news, click on my monthly newsletter – JUNG’S JOURNAL – on my website www.bettyjung.com).