Selling Reno And Sparks Real Estate Blog


FHA Approved Sparks Condos

FHA Approved Sparks Condos


When considering purchasing a Condo or Townhouse with FHA financing, the projects or complexes must have already been approved by FHA or HUD. There are no exceptions to this rule. Condominium projects must meet several criteria to get approval.

 One key requirement is they must be at least 51% owner occupied. Another Key requirement is the condo  development must be at least 90% sold and no one entity can own more than 10% of the total units.

Clip art Approval

FHA approval is not permanent and approved projects must get approval certificates every two years. Lenders are required to make sure these properties meet the owner occupancy requirements and all other requirements for each loan submitted to get an insurance endorsement.

Currently many folks are looking to take advantage of low interest rates, first time home buyer mortgage opportunities and low selling prices that are available in the current real estate market.

Condominiums and Townhouses generally cost less than a similarly located and sized single-family homes. Because the overall cost is lower, both the monthly mortgage payment and the property taxes will be lower.

 Home buyers looking to save money and purchase a condo in the Sparks, Nevada area can look right here for FHA approved condos.

The list below is current as of 4/8/2011 and will need to be verified once you decide on a condo to purchase.

Verifying what condos are FHA approved is easy and only takes a few minutes to do. Contact me, Terrie Leighton, or your lender to help. 

Here are the current FHA approved condos in Sparks, Nevada:

Silver State Condominiums ~ Sparks, NV 89431  ~15th & Rock Blvd

Pine Meadows ~ Sparks, NV 89431 ~ Prater & Lincoln WayFHA Approved Sparks Condos

Williamsburg Apartment Homes ~ Sparks, NV 89431 ~ Oakwood & McCarran

Willaimsburg Townhomes ~ Sparks, 89431~ E. Lincon Way

Springland Village ~ Sparks, 89434 ~ Baring Blvd & Sparks Blvd

Casoleil at Spanish Springs~ Sparks, NV 89436 ~ Costa Azul Drive

Mountain Meadows ~ Sparks, NV 89431 ~ Wedikind Way

Wingfield Springs Condominiums ~ Sparks, Nv 89436 ~ Vista Blvd & Ingleston 

 Search the MLS right here for current condo and townhome listings in the Sparks, Nevada areas. Sign up for listing alerts, customize your home search and use my mortgage calculators to determine how much or monthly mortgage payment might cost you. Contact me at 775-846-5424 or email me at

Your Home. My Priority. Since 2003

Certified Distressed Property Expert (CDPE)
Certified Default Resolution Specialist (CDRS)
Short Sales & Foreclosure Resource ~ Certified (SFR)
NAR's Green Designation ~ Certified Green
Certifed Negotiation Expert (CNE)
Property Manager

Ferrari-Lund Real Estate

 Cell ~ 775.846.5424

Email ~


Facebook   LinkedInTwitter

Comment balloon 2 commentsTerrie Leighton • April 08 2011 11:05PM
FHA Approved Sparks Condos
FHA Approved Sparks Condos When considering purchasing a Condo or Townhouse with FHA financing the projects or complexes must have already been… more
Sparks Nevada Market Report For March 2011
Sparks Nevada Market Report for March 2011 Prepared By Terrie Leighton, REALTOR®, Ferrari-Lund Real Estate in Northern Nevada Here are a few market statistics for homes sold in Sparks, Nevada during March 2010/2011: .. more
Spring Forward For Autism Awareness
April is Autism Awareness Month in Reno and around the country! For area family members who have been touched by autism it may help to know that the Reno community has many events planned to help raise money and awareness for this epidemic. .. more
Vassar Cordone Non Profit Center Grand Opening In Reno Nevada
Welcome to our community Vassar Cordone Business Co-op!! Grand Opening and Ribbon Cutting for the Reno / Sparks local nonprofit co-op it scheduled today, April 6, 2011, 5p. m. to 7pm. 1301 Cordone Avenue, Reno Nevada Call… more
Reno Nevada: OPEN HOUSE TODAY 1420 Centennial Mill Way Come On Over
*****OPEN HOUSE TODAY ***** 1420 Centennial Mill Way Reno Nevada, COME ON OVER!! Sign in for a chance to win $1, 500 from Homefinder!! Stop by today, April 3, 2011, to view 1420 Centennial Mill Way Located in the 55+ community… more
Short Sale Approved in Sparks Nevada, Single Family Home Pending
Short Sale approved for my listing in Sparks, Nevada 89434 View Full Listing SunTrust Mortgage has approved a short sale for this Sparks, Nevada listing My clients have been eagerly awaiting the final closing for their home… more
Newman's Natural Carpet Care On Facebook: Are You A Fan Yet?
Newman's Natural Carpet Care has created a business page on Facebook. Are you a fan yet? I wrote a blog about the Newman's successful carpet cleaning business about a year ago, you can read about their great services here . For… more
Your Space, Your Dream, Your Oasis ~ Landscaping Your Reno Home
~Your Space, Your Dream, Your Oasis ~ Landscaping Your Reno Home! Landscaping is a matter of personal taste Many home builders will provide landscaping in the front of each new home sold. These front yards appear identical one tree… more
Put Your Best Foot Forward And Donate Your Shoes For Feet UP
Step Up and donate the shoes you no longer wear to those who need them! Starting today, March 15, 2011, Think Kindness an non-profit organization that inspires young people across the county to incorporate acts of kindness into their daily… more
Ten Reasons Why You Should Go To The El Rancho Drive-In Movie Theater…
Yes, it's true, the City of Sparks does have a "traditional, old-fashioned" Drive-In Movie Theater! The West Wind El Rancho Drive-In is now open for its 61st season This four screen outdoor movie theater is one of our… more