San Diego FHA Approved Condos For Sale in 2022 | 2023

San Diego County CA FHA Approved Condos For Sale

When you are considering a property purchase in San Diego, and you are also looking into FHA loans, there are some things that you need to be aware of. 

One of these is that the rules for FHA approved condos have recently changed. A condo must meet certain stipulations to be eligible for this type of loan. 

Here is a look at these stipulations and everything else you’ll need to know if you are trying to find the best condo for your needs and your budget.

Here's a quick rundown of our list:

Condos

If you aren’t quite sure what makes something a condo, it’s a matter of ownership.

A condo is like an apartment in the fact that there may be common areas, like walkways, halls, and other things. 

There are also numerous condos enclosed in the same building or structure. 

At the same time, condos are like homes in the fact that someone purchases and owns them, instead of just paying rent. 

This means that you will likely need a loan to purchase one. 

You can get a head start on things and check out San Diego condos for sale here. 

FHA Loans 

FHA loans are loans that are funded by the Federal Housing Administration. 

This type of loan allows many people to be able to qualify for a mortgage loan, when other conventional loans wouldn’t be available to them.

It also offers a buyer low down payments and you don’t have to have great credit to qualify. 

On the flip side, in most cases, you will have to get mortgage insurance.

Furthermore, in the case of condos, you’ll have to be sure it’s an approved building or you won’t be able to qualify for this type of loan. 

Make sure you check-out our San Diego FHA mortgage loan articles for more details. 

FHA Approved Condos

When you’re looking for an FHA approved condo, the first thing you should do is check the HUD website

While there, you can do a search to see what is in your area or the neighborhoods you are interested in moving to.

If this doesn’t help you much or you don’t find any condos in your area, you can also get more information on the website and ask any questions you may have. 

You might also be interested in the basic rules for FHA Condos, so you can know what to look for. 

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FHA Condominium Rules

- There can be no court cases or litigation against the entire building, nor can they be actively suing anyone.

- The building must be formally approved by FHA, which is something that requires a complex to complete a bit of paperwork.

- There must be at least 2 condos in the building.

- One person cannot own more than 10% of all the condo units in the complex. 

- There must be an ownership of at least 50% in the building.

- If there are any people with delinquent dues for more than 2 months, the percentage must be less than 15%. 

- The complex must have an adequate amount of insurance protecting it against liability and other hazards. 

- Documents such as bank statements and yearly budgets may be looked at to see what the building’s finances look like. 

There are exceptions to these rules, but as a whole, if the condo you’re looking at isn’t found on the HUD site, there isn’t much you can do. 

However, since these rules are relatively new, there are new properties being added all the time. 

It is really a matter of a complex getting approved for the program, which essentially involves applying, filling out the proper forms, and returning them. 

A property will need to reapply every 2 years, since the certification process is only good for 2 years at a time. 

Old Rule

Previously you could qualify for something called a spot approval, which only applied to the condo you were trying to buy. 

There were still stipulations to meet but they were less astringent and didn’t always need to apply to the whole building. 

This policy was changed in 2010 to the new rules that are currently in place. 

Tips

If a condo that you are interested in isn’t FHA approved, you may want to look somewhere else. 

Although the process is quite easy to register for, it is a lot of work for the complex to have to do, if there aren’t many people interested. 

However, if there are a few people interested, you may be able to convince a condo board to fill out the paperwork.

You might want to check with real estate agents in your area to find out if a certain complex has many prospective buyers or not. 

They may also be able to help you contact the building you’re interested in, to see if they are currently in the process of getting approved for the FHA program. 

It’s important to note that you don’t have to get an FHA loan to buy a condo, but it is a little harder to qualify for a different type of loan on one. 

You’ll have to have a good credit score and be able to make a higher down payment, among other things. 

This can be rather hard for most people to do, which is why FHA loans work for so many different types of people. 

Make sure you check out our San Diego mortgage loan blog where we are constantly updating you with the latest trends and mortgage products available locally in San Diego.  

The Takeaway

There are new rules in place for FHA approved condos.

If you’re interested in finding a new condo to purchase in San Diego, you’ll not only need to know which buildings are eligible for the program, but you’ll also need to know which ones are approved. 

You can go to the HUD website to search the places in your desired area or talk to a professional to see if other prospective places are close to being approved.

This can also help you determine if you should simply find other locations to consider. 

There are pros and cons to buying a condo this way, but since FHA loans are generally easier to get than traditional loans, you may want to try your best to get approved this way.

Additionally, condos are sometimes less expensive than regular family homes, and they are still considered an asset, so it is a valuable piece of property to consider. 

What do you think?

☎ I would love to help assist you with your home purchase, home sale, or home loan - please feel free to give me a call, text, or use the form below. 

Your FHA Condo Insider, 

Scott

Get Scott's Personal Help Below...


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See San Diego's FHA Approved Condos for Sale Below...

199 Properties
Page 1 of 6
Coming Soon on 05/27
1884 Aquamarine Ct #8 Chula Vista, CA 91913
$675,000
Neighborhood: Otay Ranch
3
Beds
3F11/2
Baths
1,663
Sq.Ft.
2013
Year Built
1
Day on Site
220012993
MLS
Bright and beautiful end unit in the highly desired Otay Ranch community! Surrounded by lush greenery, this 3 story townhome offers a first floor bedroom with an attached full bath and patio. The...
Open 5/28
17995 Caminito Pinero #299 San Diego, CA 92128
$449,000
Neighborhood: Bernardo Pines
1
Beds
1
Baths
817
Sq.Ft.
1985
Year Built
2
Days on Site
220012882
MLS
LOWEST PRICED CONDO in RB (w/o age restrictions)! Resort style living in desirable Bernardo Pines. Soaring, vaulted ceilings (18 feet) in the gorgeous family room (w/ fireplace) that flows to a...
Coming Soon on 05/28
506 Canyon Dr #56 Oceanside, CA 92054
$599,900
Neighborhood: Las Brisas | Loma Alta
3
Beds
2
Baths
1,164
Sq.Ft.
1978
Year Built
2
Days on Site
220012899
MLS
Coming Soon! Welcome to the beautiful community of Las Brisas in the desirable Loma Alta neighborhood of Coastal Oceanside! Live just 2.5 miles from the beach in this breezy, upstairs, 3-bedroom, 2...
Coming Soon on 06/03
850 Beech St #514 San Diego, CA 92101
$849,900
Neighborhood: Downtown
3
Beds
2
Baths
1,270
Sq.Ft.
2003
Year Built
2
Days on Site
220012743
MLS
Come and see this functional floorplan in an awesome building! This 2 bedroom PLUS office/den offers 1270 square feet along with a useable patio. UNIT HIGHLIGHTS;Brazilian Walnut hardwood floors, new...
$499,000
Neighborhood: Darnell
2
Beds
2
Baths
1,134
Sq.Ft.
1985
Year Built
2
Days on Site
220012929
MLS
Sought after large Dual Master Suite unit in the Sunrise Point Condominium Close to SDSU great for first time home buyers or Investors. VA Approved. Balcony with Views of Cowles Mountain - Ready to...
$575,000
Neighborhood: El Camino Club Estates
2
Beds
1
Baths
921
Sq.Ft.
1969
Year Built
2
Days on Site
305459117
MLS
Beautiful Single Story Twin Home in the El Camino Club Estates Community in Oceanside. The Home and Property Feature: Remodel Inside Including: Newer Windows, Upgraded Kitchen Cabinets and Counter...
2
Beds
1
Baths
980
Sq.Ft.
1972
Year Built
2
Days on Site
305459216
MLS
Welcome Home to your cozy condo in Chula Vista. Updated kitchen with granite countertops, laminate and tile flooring throughout the entire home, and a spacious patio perfect for entertaining. This...
3
Beds
2
Baths
1,368
Sq.Ft.
2003
Year Built
2
Days on Site
305459335
MLS
BEAUTIFUL CONDOMINIUM BUILT IN THE HIGHLY SOUGHT AFTER OCEANSIDE, CALIFORNIA. THIS CONDO BOAST 3 BEDROOMS, 2 BATHROOMS, STAINED CABINETS, AND A GOURMET KITCHEN. THIS CONDO HAS A DETACHED GARAGE...
$680,000
Neighborhood: Del Cerro
2
Beds
2F11/2
Baths
1,372
Sq.Ft.
1980
Year Built
2
Days on Site
220012201
MLS
Highly Sought Neighborhood of San Carlos! Home features 2 bed 2.5 bath 1372 sq ft of living space. Beautiful kitchen with quartz countertops and stone backsplash and breakfast room. Private fenced in...
Coming Soon on 06/03
3016 Charwood Ct Spring Valley, CA 91978
$474,900
Neighborhood: Spring Valley
2
Beds
1
Baths
928
Sq.Ft.
1985
Year Built
2
Days on Site
220012973
MLS
Welcome to Ranchwood Community. A Resort style community that is in the best location conveniently located by Rancho San Diego and all of what San Diego has to offer. You will find this gorgeous...
$410,000
Neighborhood: College Park Gardens
1
Beds
1
Baths
625
Sq.Ft.
1973
Year Built
2
Days on Site
220012985
MLS
Beautiful Desired 1 Bedroom, and 1 Bathroom Condominium located in the Lake Park Villas Gated Community. Near Chollas Lake(Trails, Biking, Nature), Shopping(Sam's Club, 24 Hour Fitness, Target,...
2
Beds
2F11/2
Baths
1,701
Sq.Ft.
2020
Year Built
2
Days on Site
305459519
MLS
Your opportunity to enjoy coastal living at the newly built Carlyle in Carlsbad Village. This home offers a central location for daily outings to the beach, farmers market, downtown restaurants,...
$465,000
Neighborhood: Mission Valley
1
Beds
1
Baths
726
Sq.Ft.
1975
Year Built
3
Days on Site
220012680
MLS
Top of the line second floor condo is turnkey, upgraded, spacious, and bright 1 bedroom, 1 expanded bath, plus a den/officer, 726 sq.ft. condo in Park Villas South of Mission Valley. It features a...
$799,000
Neighborhood: Pacific Beach
2
Beds
2
Baths
1,094
Sq.Ft.
1987
Year Built
3
Days on Site
220012810
MLS
1 Story Pacific Beach condo located just a e-bike ride away from the waves of Southern CA. This 2 bedroom, 2 bathroom end-unit is located on the first floor with 2 parking spaces just a few steps...
$699,000
Neighborhood: Mira Mesa
2
Beds
2
Baths
1,153
Sq.Ft.
1973
Year Built
3
Days on Site
220012814
MLS
Welcome to Mesa Village in the heart of Mira Mesa within walking distance to shopping, transportation, parks and schools. This nicely appointed single story home has been updated all throughout....
$449,000
Neighborhood: El Cajon
2
Beds
2
Baths
1,088
Sq.Ft.
1965
Year Built
3
Days on Site
305458123
MLS
Welcome to this beautiful Condo in El Cajon, Comfortable-living single-story condo! feels open and spacious with vaulted ceilings and fireplace in the Living Room. Enjoy the very large, private...
Open 5/29
11395 Affinity Ct #226 San Diego, CA 92131
$749,940
Neighborhood: Scripps Midland
3
Beds
2
Baths
1,178
Sq.Ft.
1992
Year Built
3
Days on Site
220010374
MLS
Panoramic Sunset Ocean Views From Every Room Of Your Home! Naturally Bright and located At the "Top of the Community". Unique Large Lighted Attic Storage Space. Loft / Office / Extra Bedroom....
$535,000
Neighborhood: Vista
3
Beds
2
Baths
1,116
Sq.Ft.
1986
Year Built
3
Days on Site
305457702
MLS
THREE BEDROOMS!!! WOW! It's here, it can be yours! Super cute, downstairs, end unit, with a private patio. Located in a quiet neighborhood called "The Park." Take a look around the grounds and you...
3
Beds
2F11/2
Baths
1,486
Sq.Ft.
1980
Year Built
3
Days on Site
305458202
MLS
Location, location, location! Welcome to your new home at the beach. This gorgeous 3 bedroom, 2.5 bathroom condo, boasts stunning ocean views, has spacious rooms throughout with high ceilings, large...
Open 5/28
15357 Maturin Dr #132 San Diego, CA 92127
$449,900
Neighborhood: High Country West
1
Beds
1
Baths
540
Sq.Ft.
1995
Year Built
3
Days on Site
220012835
MLS
Beautiful ground floor unit in popular Villa Taviana complex with granite counter-tops, stainless steel appliances, new dishwasher, mahogany laminate flooring, in-unit laundry & tastefully remodeled...
Coming Soon on 05/27
12150 Orange Crest Ct #2 Lakeside, CA 92040
$399,000
Neighborhood: Wintergarden Greens
2
Beds
1
Baths
903
Sq.Ft.
1973
Year Built
3
Days on Site
220012847
MLS
Welcome HOME to your stunning residence in the highly desirable community of Wintergarden Greens! This beautiful two bedroom condo has been updated and is ready for you! Tastefully appointed with...
2
Beds
2
Baths
1,028
Sq.Ft.
1966
Year Built
3
Days on Site
305458460
MLS
End Unit Single Story 55+ Community in Oceana with Air Conditioning. Master bedroom has 2 closets and access to the covered patio. The Master Bath has a separate standing shower. The second bathroom...
2
Beds
1F11/2
Baths
1,120
Sq.Ft.
1970
Year Built
3
Days on Site
305458506
MLS
San Diego State University area two story condo. 2 bed/1.5 bath unit with open floor plan. Neutral paint and flooring throughout with fireplace. Private, fenced patio with common pool/spa. Close to...
$499,900
Neighborhood: Peacock Hills
2
Beds
2
Baths
1,070
Sq.Ft.
1978
Year Built
3
Days on Site
220012868
MLS
Light, bright, and roomy home in the sought after 55+ community of Peacock Hills! Almost everything has been refreshed on the interior & exterior- all you need are your clothes and furniture! The...
$435,000
Neighborhood: White Oak Villas
3
Beds
2
Baths
1,039
Sq.Ft.
1980
Year Built
3
Days on Site
305456719
MLS
Welcome to this charming 3 bed, 2 bath condo situated on a cul de sac in the peaceful neighborhood of East Grove in Escondido. This corner unit gem is conveniently located on the first floor and...
2
Beds
2
Baths
864
Sq.Ft.
1987
Year Built
4
Days on Site
305455382
MLS
This single story condo is located on the second floor in Spring Valley. The kitchen features All Stainless Steel Appliances, Gas Stove, Refrigerator, Dishwasher, and Garbage Disposal and Microwave...
5
Beds
4
Baths
2,871
Sq.Ft.
2000
Year Built
4
Days on Site
305456309
MLS
CORNER LOT - GREAT LOCATION IN THE HEART OF RANCHO DEL REY - THOUSANDS IN RECENT UPGRADES - GORGEOUS GLEAMING MARBLE FLOORING - CROWN MOLDING - INTERIOR FRESHLY PAINTED - CENTRAL A/C REMODELED...
$1,199,000
Neighborhood: Mission Hills
4
Beds
2F11/2
Baths
1,972
Sq.Ft.
1985
Year Built
4
Days on Site
220012721
MLS
Come take a look at this lovely home nestled in the heart of Mission Hills. A few wonderful features include;high ceilings,beautiful views of the harbor,2 patios with harbor views one large back...
Coming Soon on 05/31
350 K St #207 San Diego, CA 92101
$548,888
Neighborhood: Marina
1
Beds
1
Baths
694
Sq.Ft.
2002
Year Built
4
Days on Site
220012732
MLS
Discover Crownbay, a hidden gem of Marina District!!! Enjoy a west orientation views to the Convention Center, Palm Tree Garden and Martin Luther King Jr Promenade. Unit comes with a functional open...
$425,000
Neighborhood: Lake Murray
1
Beds
1
Baths
621
Sq.Ft.
1976
Year Built
4
Days on Site
220012751
MLS
Complex is VA approved! Located in the desirable, serene Lake Park Complex in La Mesa, this one bedroom condo offers ample amount of natural light, hardwood floors, an open floor plan and spacious...
$449,900
Neighborhood: Mission Valley
1
Beds
1
Baths
692
Sq.Ft.
1973
Year Built
4
Days on Site
220012754
MLS
Fully upgraded, top floor condo located within the Mission Plaza Complex! Enter the property to find an open floor plan with excellent natural lighting and a private balcony with views of the trees...
$674,000
Neighborhood: Mission Valley
2
Beds
2
Baths
1,025
Sq.Ft.
1992
Year Built
4
Days on Site
220012768
MLS
Charming unit located within the River Colony Complex in Mission Valley! Enter the home to find an open floor plan with an abundance of natural lighting throughout. This recently updated features a...
3
Beds
2F11/2
Baths
1,422
Sq.Ft.
1985
Year Built
4
Days on Site
305457785
MLS
END UNIT sharing only one wall with neighbor. 1422 sq.ft. 3 bed, 2.5 baths Condo in an all age gated complex in the heart of Alpine. Large kitchen with beautiful tile countertops, stove, microwave,...
3
Beds
1
Baths
962
Sq.Ft.
1970
Year Built
4
Days on Site
305457909
MLS
COME SEE !!!! Cozy charmer is waiting for you!!! Great for first time buyers . Walking distance to business centers and freeway. Has a big backyard ready for entertainment and gatherings. Some fruit...
$544,888
Neighborhood: Avocado Gardens
2
Beds
2
Baths
966
Sq.Ft.
1986
Year Built
5
Days on Site
305457089
MLS
Amazing fully remodeled 2 Bedroom, 2 Bathroom home, conveniently located at Avocado Gardens. Priced to sell. Last model match just sold for $550,000. Home features vinyl plank flooring throughout....
2
Beds
2
Baths
981
Sq.Ft.
1982
Year Built
6
Days on Site
305452282
MLS
Best value in the neighborhood! Single, ground level, end unit makes living the San Diego lifestyle easy. Kitchen has been wonderfully updated with newer appliances, cabinets, double pane window, and...

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