Do Town Homes Require A Special FHA Loan?

Most Townhomes do not require Spot approval - Spot approval is for condo's Most of the condos need to be on a approved list. Few associations have been added to the list in the last ten years many companies will not lend on condos unless you have at least 20% in a down payment however I have been hearing that that may end this policy if it has not already ended.I only do about one FHA Loan for a condo a year so I do not keep up to date with these policies towards spot approvals .I would recommend that you go to the FHA website whenever I have questions they usually have all of the information I need.Sorry I could not be more help in regards to this question.Jeffrey Martino Young Essex Mortgage Bank in Santa Rosa,Ca, Toll free 1-866-936-8478. -- www.fhasubmissions.com .