If you’re in the market for a condo, you’ve likely heard of the Federal Housing Administration (FHA) approved condo list. This list is one tool you can use to make sure you're investing in a secure and reputable home. Here are some of the benefits of choosing a condo on the FHA approved list.

1. Affordability: FHA approved condos tend to be more affordable than other condos. This means you can often find a good home in an ideal location at an attractive price. FHA mortgages generally require lower down payments, making it easier for buyers to qualify for a loan.

2. Safety: To be eligible for an FHA loan, a condo must meet certain safety standards. This means the building was inspected to ensure it is free of any significant damage and has reasonable protections for inhabitants. It also ensures that the building has ample liability insurance to cover any risks to residents that may arise.

3. Availability: FHA approved condos are generally more readily available than other condos. This means that you’re likely to have a wider selection of condo complexes to choose from, offering you more options for finding the perfect home.

4. Resale