The Federal Housing Administration last week introduced training materials to assist mortgagees and other stakeholders with the implementation of the Condominium (Condo) Project Approval Final Rule and updates to Single Family Housing Policy Handbook 4000.1 (SF Handbook). As announced in FHA INFO #19-41, new condo project approval requirements became effective October 15, 2019.
Stakeholders should refer to the new condo sections in the SF Handbook for guidance on how to execute the changes required by the Condo Project Approval Final Rule. For additional support on this topic, the following pre-recorded webinars are now available:
- Module 2C1: FHA Condo Approval – Condo Project Approval: Module2C1-CondoProjectApproval
- Module 2C2: FHA Condo Approval – Mortgagee Direct Endorsement Lender Review and Process (DELRAP) Authority Requirements: Module2C2-MortgageeDELRAPAuthorityRequirements
- Module 2C4: FHA Condo Approval – Underwriting Condominium Loans: Module2C4-UnderwritingCondominiumLoans
To access additional FHA webinars, visit the Single Family Housing Self-Paced, Pre-Recorded Training page.