FHA will now allow lenders to determine project eligibility, review project documentation, determine occupancy ratios and certify compliance. HUD maintains a list of Approved Condominium Projects. With tight financing, FHA represents a significant source for financing in Michigan with set limits.   Since many Ann Arbor Condo buyers are first time home buyers, graduate and medical students, coming up with a down payment can be difficult.  FHA currently allows financing with as little as 3.5 percent down.  There are guidelines for gifting and the rules change weekly.  So call to see about your eligibility for purchasing Ann Arbor Real Estate. Current FHA approved Ann Arbor Condo’s are: If you are interested in purchasing a condo in a complex that is not on this list, you will need to go through spot approval. Call us to guide you to finding the best resources and opportunity for purchasing an Ann Arbor area condo.  Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and Team if you need more specific assistance in your Ann Arbor Real Estate needs. Kathy Toth and Team  www.KathyToth.com Ann Arbor Market Center Keller Williams Realty