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How do condo loans differ from other FHA insured home loans? That's a frequently asked question topic for FHA loans, and with good reason. FHA loan rules for home purchases are different than the rules for loans on condominium units.
FHA Condominium Loans make it possible to purchase housing units in a condominium building. Mortgage insurance for this type of housing is provided through FHA Section 234(c).
At ENPICA , we have noticed that there is some confusion among our clients regarding whether to request a Certificate of Insurance (COI) or a Declarations page (Dec page) when asked to provide proof of insurance to a third party.
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