Why Do I need Your Services? Can our Board Prepare The Application?

Anyone can try and prepare the application for submission, but the process can be very complicated, confusing and time consuming. Each application must be complete and should meet the guidelines as dictated by HUD and/or Fannie Mae. The submission and approval are more than just presenting the data; it is understanding what’s in the data and how it will be interpreted, and that only comes with years of experience dealing with these entities.

Is this a one-time process?

NO. This will be an application that must be submitted for approval every two years for HUD’s purposes based on current guidelines. Once approved, we can become your partner – monitoring changes that may affect your condominium and taking care of this regular periodic process, much like a CPA assists you each year with your taxes.

Our Condominium is currently approved. Why do we need to reapply?

Mortgagee letter 2009-19 requires that all condominium communities be re-approved every two years to ensure that they are still in compliance with newly issued guidelines brought about in the wake of the recent housing crisis. If you want to know whether you are currently approved and if so when you expire just reach out and we will be obliged to assist.

Can you guarantee that our community will be approved?

While we cannot guarantee approval, your Association can be assured that if it is not approved, we will continue to work with the property to gain approval as fast as possible. If your application is denied, that is where our expertise comes into play. We can advise you on what corrective actions must be taken to bring the condominium into compliance and work with you to achieve that goal. Often it is a small item and an application can be re-presented in a timely manner. Other times we may outline a corrective plan of action.

Having prior board member experience for over a decade on condominiums we understand how to facilitates, if possible, a remedy that meets everyone’s objectives in a manner that expedites approval.

Why do we need HUD/FHA approvals?

FHA mortgages are now value options in the market and HUD is dominating the condominium market nationwide. Without this HUD condominium “seal of approval” your property is being passed over by real estate professionals and consumers. In short, why would a consumer want to buy a property with limited mortgage options.

Why TOTAL CAPITAL SOLUTIONS GROUP (TCSG)?

We are professional services HUD Condominium Approval Facilitator and Condominium Mortgage Financing experts. With our years of industry experience with lenders and governmental agencies, we have the expertise to properly analyze your condominium, get it approved, and keep it approved. We facilitate approvals so that you do not limit potential buyers for your condominium due to limited to refinancing and purchase financing options.

What do we need to get started?

Download our “getting started” document and just follow the easy steps that will walk you through how to get started with your condominium approval process