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Atlantic Coast Mortgage

Latest Posts

How the New Condo Rule is Playing Out for Reverse Mortgage Lenders 

Jun 03, 2020By

In late 2019, the Department of Housing and Urban Development issued new condominium guidelines that aimed to make it easier for single units to be approved for Federal Housing Administration (FHA) financing. This included transactions under the Home Equity Conversion Mortgage (HECM) program. Historically, an entire condo complex would need to be approved for FHA […]