Can I refinance a loan in a condominium project whose approval has been withdrawn?

The guidance in this FAQ is effective for case numbers assigned on or after October 15th, 2019.

A Streamline Refinance of an FHA-insured mortgage does not require Condominium Project Approval or Single-Unit Approval (SUA). 

If a project is no longer approved or does not meet approval criteria, FHA-insured units in the project remain eligible for FHA-to-FHA streamline refinances.

If the Unit is in a Condominium Project that has an FHA Condo ID, regardless of its present status, the Mortgagee must enter the FHA Condo ID in FHA Connection when the FHA case number is requested.

Additional information regarding condominium project eligibility and refinance can be located in: Handbook 4000.1 II.A.8.p.i and II.A.8.p.iv(B) available at:
https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh


For more information regarding condominium projects refer to:


All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-02382