April 2012 - Beacon Management Services

Beacon Management Services Topic of the Day: Does Your Condo Building Meet the New Fannie Mae Insurance Guidelines?

On December 28, 2011, Fannie Mae issued new insurance requirements on the condos securing the mortgages it will purchase. Here we give you a feel for the rules and discuss whether it's smart for your HOA to speak to an insurance broker to determine if your master insurance policy meets Fannie Mae's requirements. Why Should [...]

Beacon Management Services Topic of the Day: FHA Financing Available for Condos ONLY if Entire Building Qualifies

By Beacon Admin|2020-01-20T17:29:25+00:00April 23rd, 2012|Atlanta Apartments, Atlanta Association Management, Atlanta Community Association Management, Atlanta Condominium Management, Atlanta Homeowner Association Management News, Atlanta Housing Market, Atlanta Property Management, Atlanta Real Estate, Beacon Management Services|

Condo associations are still struggling to meet Federal Housing Administration certification requirements for mortgages insured by the federal agency. Here's the latest FHA condo certification news. Can Your Condos Meet FHA Rules? The FHA guarantees home loans offered through conventional lenders. FHA loans allow homebuyers to use a smaller down payment and sometimes to have [...]