New FHA Ruling Means Big Changes for Condo Buyers

New FHA Ruling Means Big Changes for Condo Buyers

For years, the National Association of RealtorsⓇ (NAR) has petitioned the Federal Housing Administration (FHA) to reduce its owner occupancy requirements of 50 percent on condos. That day is finally here. Why Does Owner Occupancy Matter and How Is It Changing? Owner occupancy requirements are the standard