http://www.rackons.com/services/other-services/is-a-condo-fha-approved_i91486

The Federal Housing Administration (FHA) is a part of the Department of Housing and Urban Development (HUD). HUD administers federal aid to local agencies that manage housing for low-income residents. It also backs home loans for many Americans through the FHA. Is a Condo FHA Approved? An FHA loan is a mortgage that is insured by the FHA and issued by an FHA-approved lender.