Condos vs. Single Family HomesWhether to buy a Condo or a Single Family home comes down to what your life style needs are. If you are single and you don't like yard work than a condo may suit you better than a home. If you have children and don't have an aversion to maintaining a home then a single family home is best.  Both options have pros and cons. With a condo, you will most probably have HOA dues. HOA (Home owners Association) fees can be costly but you are paying for the privilege of having a third party handle all the property maintenance in the common areas. Another issue with condos that you don't have with a detached home involve pets. Most condos restrict pets including the size and breed. 
 
 

Basic FHA Requirements For Home Loans

What does it take to be eligible to apply for an FHA home loan? FHA requirements include information about income, credit rating and other factors, but before a loan officer looks at any of that information, an applicant has to meet some basics.