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. 

TOP POST: San Diego Mortgage Rates: Trends, Predictions, & Forecasts in 2022 | 2023

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. 

READ: 6 Reasons San Diego is California’s #1 Real Estate Buy in 2022 | 2023

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. 

JUST UPDATED: San Diego's 7 Best Places to Live in 2022 | 2023

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. 

JUST UPDATED: San Diego Real Estate Market Forecast in 2022 | 2023

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.

TOP POST: 5 San Diego Housing Predictions in 2022 | 2023

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.

VISIT: San Diego’s 7 Wealthiest Neighborhoods in 2022 | 2023

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.

VISIT: San Diego’s 10 Most Affordable Neighborhoods in 2022 | 2023

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. 

Get Pre-Approved in 60 Seconds... (No Social Security Number Needed)

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by auto-dialer, pre-recorded voicemail, and email, from this site's operators about real estate related matters, but not as a condition of purchase. You also agree to our Terms of Service, and to our Privacy Policy regarding the information relating to you. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

NEW POST: San Diego’s Best 5 Private Country Clubs in 2022 | 2023

- 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. 

READ: 7 Reasons to Buy a Home in San Diego in 2022 | 2023

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. 

TOP POST: San Diego Housing Bubble? 5 Reasons Why It Won't Crash in 2022 | 2023

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. 

EXPOSED: The 'Real' San Diego Cost of Living Guide in 2022 | 2023

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. 

READ: San Diego vs Los Angeles: Which SoCal City is Best in 2022 | 2023?

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. 

READ: 5 (Hot) Up and Coming San Diego Neighborhoods in 2022 | 2023

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. 

READ: 9 Best Places for Families to Live in San Diego in 2022 | 2023

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. 

TOP POST: Zillow San Diego: 5 Lies, Fraudulent and Deceitful Tactics Used in 2022 | 2023

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.

VISIT: 7 Best Places to Live in San Diego for Millennials in 2022 | 2023

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...


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Where Do You Want To Go Next?

By clicking “Send” I/We agree by electronic signature as stated below: 1) To be contacted by telephone even if the telephone number appears on a State/National Do Not Call registry or any company’s Do Not Contact lists. 2) To this website’s Privacy Policy and Terms of Use.

See Our Top Blog Posts Below...

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

365 Properties
Page 1 of 11
2
Beds
2
Baths
1,052
Sq.Ft.
1985
Year Built
2
Days on Site
305784859
MLS
Beautiful 2 bedroom 2 bathroom condo home located on the first floor with over 1050 square feet of living space in the popular Scripps Ranch community! Double master bedrooms. The kitchen has a...
Coming Soon on 09/28
12538 Paseo Lucido #142 San Diego, CA 92128
$859,995
Neighborhood: Bernardo Heights
2
Beds
2
Baths
1,397
Sq.Ft.
1985
Year Built
2
Days on Site
220024474
MLS
Incredible opportunity to own this private corner lot, single-level condo in the highly desirable Las Brisas community. This community includes 186 luxury units with incredible amenities. Residents...
$610,000
Neighborhood: Costa Viva
2
Beds
2
Baths
1,040
Sq.Ft.
1974
Year Built
2
Days on Site
220022065
MLS
Spacious Mission Bay condominium in bay park- just a walk across the bridge to infamous mission bay. Your invite to spectacular resort like settings, sun and fun on the bay. Truly just east of I-5...
Coming Soon on 09/27
1465 C St #3514 San Diego, CA 92101
$622,000
Neighborhood: East Village
2
Beds
2
Baths
1,083
Sq.Ft.
2003
Year Built
2
Days on Site
220024488
MLS
Affordable and fun urban living at its finest! This spacious, newly repainted 2 bed, 2 bath residence in one of downtown's most secure buildings just got brand new flooring throughout... all fresh...
2
Beds
2F11/2
Baths
1,279
Sq.Ft.
2004
Year Built
3
Days on Site
305789507
MLS
**Professional pictures coming soon**Welcome home to this must-see condo located within the exclusive gated community of Campana! Offering fantastic views this condo nestled in the quiet hills of San...
Coming Soon on 10/01
1514 Calabria St Santee, CA 92071
$565,000
Neighborhood: Sky Ranch
2
Beds
2F11/2
Baths
1,085
Sq.Ft.
2010
Year Built
3
Days on Site
220024449
MLS
Welcome to this beautifully maintained 2 bed, 2.5 bath, 1,085 ft.² townhome located in the highly sought after Sky Ranch Community in Santee! This home offers a spacious floor plan with the living...
$750,000
Neighborhood: Chula Vista
3
Beds
2F11/2
Baths
1,554
Sq.Ft.
2003
Year Built
3
Days on Site
220024459
MLS
Welcome home to this tastefully designed remodeled San Miguel Ranch townhome in a gated community! The open floor plan enhances an immaculate interior that is bright and sunny and includes relaxed...
$815,000
Neighborhood: Pinnacle At Milenia
3
Beds
3
Baths
2,380
Sq.Ft.
2021
Year Built
3
Days on Site
305796940
MLS
Just built in 2021, this gorgeous, elegant 4 level condo includes an in-home elevator, two outdoor patios, a TESLA charger in the garage and much much more! This is the newest, highly desirable area...
$3,495,000
Neighborhood: Bernardo Trails
4
Beds
5F11/2
Baths
5,975
Sq.Ft.
2020
Year Built
4
Days on Site
305714416
MLS
Smooth, Distinct, Enduring, and Bold. Get lost in time and space with this freeform estate. A complete new build, 13140 Camino Ramillette boasts 4+ acres and nearly 6000 sf of living space with...
Coming Soon on 09/28
7952 Mission Center Ct #Unit G San Diego, CA 92108
$430,000
Neighborhood: Mission Valley
1
Beds
1
Baths
726
Sq.Ft.
1973
Year Built
4
Days on Site
220024326
MLS
Welcome to this upgraded top floor condo in the heart of Mission Valley. Light and bright functional unit offers an oversized bedroom with bonus area that may be used for office/den, ensuite bath,...
$415,000
Neighborhood: Winter Garden Greens
2
Beds
1
Baths
819
Sq.Ft.
1972
Year Built
4
Days on Site
220024324
MLS
You deserve the elevated life this gorgeous top floor Winter Garden Greens condo provides! The interior has been painted in a soothing neutral palette, stunning laminate plank flooring throughout...
$615,000
Neighborhood: Rancho San Diego
3
Beds
2
Baths
1,248
Sq.Ft.
1980
Year Built
4
Days on Site
220024341
MLS
Everything you would love to have in a home. Single story with 3 bedrooms and 2 bathroom. Vaulted ceilings and lots of natural light. Beautiful vinyl plank flooring in living, dining and 3rd bedroom....
Coming Soon on 10/12
2287 Caminito Pasada #103 San Diego, CA 92107
$749,000
Neighborhood: Ocean Beach
2
Beds
2F11/2
Baths
1,074
Sq.Ft.
1978
Year Built
4
Days on Site
220024343
MLS
Welcome home to this beautiful bright and airy townhome in the wonderful community of Sea Colony. This plan 4 townhome is move in ready! It features an oversized attached 2 car garage, private patio...
$725,000
Neighborhood: Oaks North
3
Beds
2
Baths
1,455
Sq.Ft.
1973
Year Built
4
Days on Site
220024358
MLS
Beautifully renovated 2 BR, plus optional den/office and 2 BA Corner unit that feels like a detached home! Secluded front courtyard. NO STEPS to this property. No one above/below/front or back! Best...
$845,000
Neighborhood: Ball Park/ East Village
2
Beds
2
Baths
1,021
Sq.Ft.
2007
Year Built
4
Days on Site
220024403
MLS
Enjoy the panoramic views and city lights from the 17th floor of this beautiful two bedroom two bath unit at The Legend. This unit has a spacious private balcony, floor to ceiling windows in...
2
Beds
2
Baths
1,034
Sq.Ft.
1985
Year Built
4
Days on Site
305796165
MLS
PRIVATE SINGLE STORY CONDO WITH A HUGE YARD! Located across the street from nature preserve & freeway access. This move in ready, open concept unit features: 2 spacious bedrooms, 2 full bathrooms,...
$599,000
Neighborhood: Bay Park
2
Beds
1F11/2
Baths
1,162
Sq.Ft.
1980
Year Built
4
Days on Site
220024426
MLS
Fantastic 2-bedroom / 1.5 bath condo centrally located. 2-assigned parking spaces! Large living room w/fireplace, slider to patio. 1/2 bath on main floor. Large master bedroom w/vaulted ceiling &...
$774,900
Neighborhood: Riverwalk
4
Beds
3F11/2
Baths
1,801
Sq.Ft.
2007
Year Built
4
Days on Site
305796526
MLS
Gorgeous Tri-Level Home in the highly desired Riverwalk Community. Upgraded throughout, Solar and turn key ready for you to fall in love. As you enter you are greeted with tall valued ceilings. The...
Open 10/1
11255 Tierrasanta Blvd #106 San Diego, CA 92124
$450,000
Neighborhood: Tierrasanta
1
Beds
1F11/2
Baths
854
Sq.Ft.
1981
Year Built
5
Days on Site
220024188
MLS
Open Concept, spacious, move-in-ready, 1 bedroom condo includes 1.5 bathrooms, in-unit laundry and central A/C. Electrical and pluming updated. Beautiful Tierrasanta location nestled against golf...
$530,000
Neighborhood: Rancho Bernardo
2
Beds
2
Baths
944
Sq.Ft.
1994
Year Built
5
Days on Site
220024192
MLS
Spacious two bedroom/2 bath with vaulted cathedral ceilings that open up the living space. Second-story unit for maximum privacy, with lots of windows for natural light. Enjoy the patio off of the...
$719,000
Neighborhood: Hillcrest/Mission Hills
2
Beds
2
Baths
1,006
Sq.Ft.
1982
Year Built
5
Days on Site
220024194
MLS
Weary buyers, this is the one that you've been waiting for. This 2/2 condo is conveniently located on the border of Mission Hills & Hillcrest: walk to anywhere you want to go, be it grocery shopping,...
$649,000
Neighborhood: Otay Ranch
4
Beds
3F11/2
Baths
1,652
Sq.Ft.
2016
Year Built
5
Days on Site
220024197
MLS
Chance to own in the highly desirable Lake Pointe Complex! Beautiful 4 bed, 3.5 bath townhome, attached two car garage, and a Junior Suite (full bedroom and full bathroom) on the entry level! This...
Coming Soon on 09/28
1825 Key Largo Rd Vista, CA 92081
$699,000
Neighborhood: Shadowridge
3
Beds
2F11/2
Baths
1,357
Sq.Ft.
1996
Year Built
5
Days on Site
220024203
MLS
Desirable Shadowridge community is now offering a 3 bedroom 2 ½ bath two story home. This condominium located in Vista is in a gated community with pool and spa. I love this secure community. The...
$690,000
Neighborhood: Linda Vista
2
Beds
2
Baths
1,092
Sq.Ft.
1980
Year Built
5
Days on Site
305717743
MLS
Remarkable find. On entry level you will find a Flowing layout with access to a spacious private patio perfect to restore and relax. Bedrooms and bathrooms are upstairs giving this property...
$420,000
Neighborhood: Vista Way Village
1
Beds
1
Baths
744
Sq.Ft.
1989
Year Built
5
Days on Site
220024219
MLS
Vista Way Village Gem. Top floor, corner unit tucked away on one of the most sought-after streets in the neighborhood. Vista Way Village is a resort-style gated community with two pools, a spa, a...
3
Beds
2F11/2
Baths
1,471
Sq.Ft.
2002
Year Built
5
Days on Site
305792893
MLS
You dont want to miss this beautiful, remodeled 3 bedrooms, 2.5 baths condo in Vista Pacifica! Stock all of your treats in the upgraded kitchen with a walk-in pantry. The open floor plan makes this...
$449,900
Neighborhood: Pacific Beach
1
Baths
480
Sq.Ft.
1975
Year Built
5
Days on Site
220024241
MLS
Highly upgraded, larger, floorplan studio unit at The Plaza that does not come on the market often. Great Location, close to stairwell that leads to Diamond St / Lamont St. Covered parking space....
2
Beds
2
Baths
840
Sq.Ft.
1990
Year Built
5
Days on Site
305727573
MLS
One of the most popular locations in San Diego. Beautiful condo located in the heart of North Park area. Great opportunity for the first time home buyers or investors. Many upgraded including new...
$434,999
Neighborhood: Spring Valley
2
Beds
1F11/2
Baths
1,024
Sq.Ft.
1979
Year Built
5
Days on Site
220024245
MLS
Pet-Friendly 2 bedroom/1.5 bath condo in the beautifully landscaped Bonita Grande Complex boasts upgraded bathrooms & newer flooring throughout! All stainless steel kitchen appliances and upstairs...
$460,000
Neighborhood: Santee
2
Beds
1F11/2
Baths
896
Sq.Ft.
1972
Year Built
5
Days on Site
220024248
MLS
Gorgeous Newly Renovated Townhome with $75K in renovations that s VA & FHA Approved! This 2bd, 1.5 ba home with private backyard and detached garage has all new upgrades throughout & features a...
4
Beds
2
Baths
1,406
Sq.Ft.
1955
Year Built
5
Days on Site
305483809
MLS
*** PRICE IMPROVEMENT *** A unique opportunity to purchase property just 2 blocks from Stone Steps Beach in classic Leucadia. Its west of 101, near Pannikin Coffee Shop. Your personal...
$669,000
Neighborhood: East Escondido
4
Beds
2F11/2
Baths
1,937
Sq.Ft.
2005
Year Built
5
Days on Site
305795434
MLS
Pre-Renovation Opportunity!! Your chance to pick out your own Counter-Top, Flooring, Paint. Lovely 4 Bed, 2.5 Bath home is currently being prepped for renovation. Spacious downstairs with useful...
$529,000
Neighborhood: Rancho Bernardo
2
Beds
2
Baths
955
Sq.Ft.
1994
Year Built
5
Days on Site
220024262
MLS
VA & FHA APPROVED! Located within the community of Waterbridge is this beautifully updated and highly desirable first floor condo. As the largest 2-bedroom floor plan within the community, this condo...
2
Beds
1
Baths
828
Sq.Ft.
1979
Year Built
5
Days on Site
305795581
MLS
Enjoy this beautiful home in Escondido, close to freeways and shoppes. Minutes to Oceanside beach! Upper level Condo boast cathedral ceiling in living room, wood looking flooring in kitchen and...
1
Beds
1
Baths
899
Sq.Ft.
1980
Year Built
5
Days on Site
305795600
MLS
Move in ready turn key condo with low $254 per month HOAs. Walking distance to shops such as CVS, restaurants including Outback Steakhouse, The Junction Bar/Grille along with public transportation...
Coming Soon on 09/30
12716 Lakeshore Dr. #Unit J Lakeside, CA 92040
$335,000
Neighborhood: Lakeside
1
Beds
1
Baths
702
Sq.Ft.
1978
Year Built
5
Days on Site
220024309
MLS
Welcome home to this charming condo in the heart of Lakeside! Close to the water and everything you could want. Located just across the street from the newly rejuvenated Lindo Lake, enjoy it's new...

Post a Comment