It is not impossible to buy a condo with FHA financing. However, in light of the new guidelines, I believe non-cash condo buyers should focus heavily on the associations which are already FHA approved. And, cash buyers should focus on the associations not in conformance with Fannie guidelines as they offer the best bargains in this market. You can search for FHA-approved condo projects here. In Santa Maria, FHA approved condos currently include Knollwood, River Ranch, Village Greens, and Oak Creek Villas. If you are interested in buying a condo in one of these developments, please send me an email at email@example.com, or give me a call at (805) 878-9879.
Tni LeBlanc, JD, MA, e-PRO
Broker/Owner, Mint Properties
(805) 878-9879, tni@MintProp.com
*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market