Two routes to investigate
HUD permits FHA financing for units in approved condominium projects and for qualifying units that meet Single-Unit Approval requirements. A missing project approval does not, by itself, settle whether the individual unit can qualify.
Single-Unit Approval still requires review
Single-Unit Approval is not an exemption from project standards. The lender must obtain the required questionnaire and supporting documents and verify the applicable unit and project requirements. Insurance, financial condition, legal matters, and physical condition can affect eligibility.
Realtor action plan
Confirm the legal project name and approval status, including the applicable phase. If the project is not approved, ask whether the lender offers Single-Unit Approval and whether the project fits that path. Bring the HOA contact into the conversation early so documentation does not arrive at the end of the contract period.
Go to the official sources
These resources explain the program requirements. Lender restrictions and transaction details can also affect the outcome.
HUD: FHA condominiums HUD: Single-Unit Approval documentation