2010 Jan 25th

Which Hoboken Condos are FHA Approved?

I’m asked this question frequently.  Here is the HUD website with the answer  (the URL is https://entp.hud.gov/idapp/html/condo1.cfm):

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  1. RE Junkie

    What is the difference between HRAP and DELRAP?

  2. Lori

    HRAP means HUD Review and Approval Process. This is when HUD does the approval of the building. DELRAP is Direct Endorsement Lender Review Approval Process. In this case, certain lenders are able to do the review and approval without first submitting the paperwork to HUD. You can read more about it here:
    http://www.hud.gov/offices/hsg/sfh/ins/direct-r.cfm

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