Delaware County, Pennsylvania Real Estate Blog

Can An FHA Loan Be Done On A Property In A Nudist Colony?

I just had to get this bit of trivia out there on a sweltering 96 degree day here in SE PA.  Thank you George Souto for this info about FHA financing.  

Just in case you need to know and find yourself with such a dilemma, conventional financing is the way to go! 

 

Inquiring minds want to know.  Can An FHA Loan Be Done On A Property In A Nudist Colony?  At first my quick answer was yes, but then it hit me, it could as well be no.  So why would an FHA Loan not be able to be done on a property in a nudist colony?

The answer is really very simple.  FHA does not allow restrictions on the sale of a property.  So for example if there were restrictions on the property deed which stated the Buyer had to become a member of the nudist colony, or needed to be a member in good standing of a nudist colony to purchase the property, it would be a restriction of sale, and therefore a violation of this FHA guideline. 

So don't get caught with your pants down!  If you are a nudist or planning to become a nudist, and want to purchase a property in a nudist colony, make sure you find out about deed restrictions first!!!

Hope this little tidbit has brought a smile to your face as it did to mine.

 

 

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

 

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Doug Durren and Gloria Todor, Realtors®, SRES® 

CENTURY 21 ABSOLUTE REALTY
512 Baltimore Pike, Springfield, PA 19064

610-328-4300 x131 Office

 

GloriaTodor@Century21.com

484-431-3686 call/text/email

 

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Comment balloon 2 commentsGloria Todor • July 21 2017 08:00PM
Can An FHA Loan Be Done On A Property In A Nudist Colony?
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