What is a PUD? It looks like a Condominium Association with condos, townhomes, or both but the difference is in the legal categorization when it was first built. If you look at the Ventura County records in the "Property Detail Report" In the
Characteristics sections, it states that County Use Code:Attached SFR - Not Condo and in the Universal Land Use Code:PUD
Why is a PUD important? The FHA and the VA treat each unit in a "Planned Unit Development" as a "Single Family Residence" so easier to get an home loan from the FHA or the VA.
Below is a list of Associations that are made up of units that are "PUDs" are treated like a single family homes for FHA approval requirements.
How to Search for FHA-Approved Condominium Projects (Pud Homes are FHA Approved are not listed) Tip Search by Your Zip Code or City and State. The FHA will approve home loans only in FHA-Approved condominium projects. That approval will be withdrawn if the owner occupancy rate falls below 50 percent. Approval is for only Two years. This link's normal hours of operation are from 8 am to 10 pm Eastern time Monday through Friday. A Change in the Reapproved of HOA's 2016
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All sales data is from many sources and is believed to be accurate but is not guaranteed. All Sales that are shown involved other brokerages both on the selling and listing side. Any involvement by Condohouse Realtors is clearly stated and highlighted in RED. David Lee Walker, real estate broker is qualified to advise on real estate. David Lee Walker does not offer legal advice or tax advice. If you have any questions concerning the legal sufficiency, legal effect, insurance, or tax consequences regarding any real estate or other matter, please consult with your attorney, accountant, insurance agent, tax or other appropriate qualified professional. The Sales information referenced to in this Web Site (CondoHouse.com) has been Provided by the Ventura County
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