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Seattle Condos Search

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Seattle FHA Approved Condos For Sale

Every condominium building is qualified for an FHA home loan. The property must be within an FHA approved condominium project unless it is in the process of being approved or recertified for an FHA loan.Seattle FHA Approved condos

If you’re looking to purchase a condo in downtown Seattle you might be considering an FHA loan. FHA has specific approval guidelines for condominiums. Requirements are as such:

  • Projects must consist of two or more units.
  • No more than 25% of the project's total floor area can be used for nonresidential or commercial use
  • No more than 10% of the units can be owned by an investor.
  • No more than 50% of all units homeowners fees are 60 days delinquent.
  • The unit must be covered by hazard, flood, liability and other insurance requirements
  • At least 50% of the total units must have been conveyed will be under a bona fide contract for purchased owner occupant principal residence purchasers.

Condominium associations must reapply for an FHA approval every two years. It needs to either be recertified or they need to reapply to make sure that the property is still in compliance with HUD requirements.

You can check with the US Department of Housing Urban Development on a specific condominium because they do change from time to time. There are over 100 condominium buildings in Seattle alone that allow for FHA loans.

Benefits to FHA

Choosing an FHA loan for your condominium purchase as many benefits including low down payments of just 3.5%. There’s also lower credit score requirements and different options for different credit score requirements. Cash reserves are typically not required, gift funds are acceptable for down payments, there is no prepayment penalty, and they may allow for seller concessions and contributions up to 3% of the sale price.

 

An FHA loan is a great way to go when considering a condominium as long as the building qualifies. Try not to be hung up on this approval as many buildings are approved for FHA. Once you are already approved for an FHA loan on a building and move in, you won’t have to worry if later on the building becomes unapproved.

This is a partial list of FHA condos for sale located in Seattle.  The listings are only as accurate as the agent that has inputted the listing. In order for it to show on the list, the agent would have had to check the FHA approve button.  Feel free to contact us to double check or you can look up FHA approved buildings by click on the FHA look up link on the sidebar located on the right side of the page.

Contact Kris

Newest FHA Approved Condos For Sale

10628 Glen Acres Dr S, Seattle image
10628 Glen Acres Dr S, Seattle — Glen Acres $168,000

Rare opportunity to purchase in the highly desirable Glen Acres 55+ community! Updated 2 bed 1 bath top floor home with meticulously maintained grounds & buildings locate...

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  • 2 Beds
  • 1 Baths
  • 1404709 MLS
  • Glen Acres Bldg.
  • ACTIVE Status
Courtesy of VW Home Group

Listing courtesy of VW Home Group.

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1740 NE 86th St Unit 106, Seattle image
1740 NE 86th St Unit 106, Seattle — Lakeside North Condominiums $279,500

GREAT 1st floor 1-Bedroom/1-Bath condo. off of Lake City Way. In-unit washer and dryer; all appliances; fireplace; new carpet in bedroom; new flooring in kitchen and bat...

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  • 1 Beds
  • 1 Baths
  • 1406331 MLS
  • Lakeside North Condominiums Bldg.
  • ACTIVE Status
Courtesy of Edmonds Realty

Listing courtesy of Edmonds Realty.

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9200 Greenwood Ave N Unit 106, Seattle image
9200 Greenwood Ave N Unit 106, Seattle — Maison $295,000

Turn key condo in highly coveted Greenwood neighborhood. Kitchen features new faucet, updated appliances and breakfast bar which opens up to a light filled living room w/...

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  • 1 Beds
  • 1 Baths
  • 1401566 MLS
  • Maison Bldg.
  • ACTIVE Status
Courtesy of The Cascade Team

Listing courtesy of The Cascade Team.

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4689 Martin Luther King Jr Wy S Unit 218, Seattle image
4689 Martin Luther King Jr Wy S Unit 218, Seattle — Encore at Columbia Station $299,800

NEXT STOP: Homeownership! Encore at Columbia Station is a first-of-its-kind offering in Columbia City @ the LINK light rail station (15 min to dtwn Seattle). Built by BDR...

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  • 1 Beds
  • 1 Baths
  • 1411211 MLS
  • Encore at Columbia Station Bldg.
  • ACTIVE Status
Courtesy of Realogics Sotheby's Int'l Rlty

Listing courtesy of Realogics Sotheby's Int'l Rlty.

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7814 Greenwood Ave N Unit 103, Seattle image
7814 Greenwood Ave N Unit 103, Seattle — Ridgeview $337,500 ▼

NEW PRICE! Super cute and updated 1 bedroom/1bath centrally located Phinney Ridge Condo. New countertops, brand new stainless steel appliances and new modern light fixtu...

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  • 1 Beds
  • 1 Baths
  • 1358720 MLS
  • Ridgeview Bldg.
  • ACTIVE Status
Courtesy of Sound Point Real Estate LLC

Listing courtesy of Sound Point Real Estate LLC.

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750 N 143rd St Unit 222, Seattle image
750 N 143rd St Unit 222, Seattle — Cedar Pointe of Seattle $339,900 ▼

Convenience abounds! Gated, covered parking with 2 reserved spaces near rear entrance right below unit that leads to huge storage room and elevator. Corner end unit w/ gr...

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  • 2 Beds
  • 2 Baths
  • 1393323 MLS
  • Cedar Pointe of Seattle Bldg.
  • ACTIVE Status
Courtesy of Urban Properties

Listing courtesy of Urban Properties.

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715 N 130th St Unit 204, Seattle image
715 N 130th St Unit 204, Seattle — Bitterlake Vista Condominium $345,000

Fantastic location for this cozy, light, and bright condo! This 2-bedroom home offers an open living space, kitchen with stainless steel appliances, dining area, and mode...

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  • 2 Beds
  • 1 Baths
  • 1409125 MLS
  • Bitterlake Vista Condominium Bldg.
  • ACTIVE Status
Courtesy of Keller Williams Greater Sea

Listing courtesy of Keller Williams Greater Sea.

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2530 15th Ave W Unit 510, Seattle image
2530 15th Ave W Unit 510, Seattle — Gilmans Fairway $360,000 ▼

This Interbay-area condo is a must-see! Coveted top-floor, corner unit on "quiet side" of building. Enjoy great views on one side & a private, tree-filled view on the oth...

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  • 2 Beds
  • 1 Baths
  • 1390648 MLS
  • Gilmans Fairway Bldg.
  • ACTIVE Status
Courtesy of Keller Williams Realty PS

Listing courtesy of Keller Williams Realty PS.

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4689 Martin Luther King Jr Wy S Unit 225, Seattle image
4689 Martin Luther King Jr Wy S Unit 225, Seattle — Encore at Columbia Station $383,800

NEXT STOP: Homeownership! Encore at Columbia Station is a first-of-its-kind offering in Columbia City @ the LINK light rail station (15 min to dtwn Seattle). Built by BDR...

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  • 1 Beds
  • 1 Baths
  • 1411226 MLS
  • Encore at Columbia Station Bldg.
  • ACTIVE Status
Courtesy of Realogics Sotheby's Int'l Rlty

Listing courtesy of Realogics Sotheby's Int'l Rlty.

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9508 Ravenna Ave NE Unit 307, Seattle image
9508 Ravenna Ave NE Unit 307, Seattle — Ravenna Wood $389,000

Greenery out every window in this wonderful top floor corner unit. Kitchen open to spacious living and dining rooms with wood-burning fireplace. Master bedroom has walk i...

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  • 2 Beds
  • 1 Baths
  • 1400270 MLS
  • Ravenna Wood Bldg.
  • ACTIVE Status
Courtesy of RE/MAX Northwest Realtors

Listing courtesy of RE/MAX Northwest Realtors.

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The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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