CRMLS Paragon users now have access to FHAPros, a provider of accurate, real-time data for FHA (Federal Housing Administration) condominium approval statuses.
Obtaining this data has become even easier through the RatePlug integration in CRMLS Paragon. Follow the steps below to check any condominium listing’s eligibility for FHA mortgages and assistance.
From any report type, click the Actions Plug.
This will display the available System Actions and Integrated Tools. Under Integrated Tools, you will see the FHA Eligibility icon with information about the condo’s approval status:
- Green Light – Approved
- Yellow Light – Conditional Approval
- Red Light – Rejected
Click on the FHA icon for more information.
If the condominium listed is FHA-approved and eligible, RatePlug displays more valuable information about the listing, such as:
- Decertification date
- Maximum FHA loan amount
- If the FHA loan amount is assumable
- And more
Approved – Green
Approved/Caution – Yellow
If the condominium is not part of an FHA-approved association, but may meet the criteria for Single Unit Approval, RatePlug will display a “May Be Eligible” page:
Ineligible/Rejected – Red
Add “FHA Eligibility” Search Field
You can add the “FHA Eligibilty” field to your search template and results grid to quickly find eligibile properties.
- From your Residential or Residential Lease Search Template, click on Customize > Fields
- Type “FHA” in the Find box
- Checkmark FHA Eligibility and click the Add The field appears at the bottom of your “Selected Fields” list. Click, hold, and drag items on the list to rearrange the order if needed, then select your preferred Save Option.
To add criteria, click on the magnifying glass next to the FHA Eligibility field, checkmark the eligibility type(s), and click Save.
Add “FHA Eligibility” Results Field
- From your Residential or Residential Lease Results Grid, click on Customize > Fields
- Type “FHA” in the Find box
- Checkmark FHA Eligibility and click the Add The field will appear at the bottom of your “Selected Fields” list. Click, hold, and drag items on the list to rearrange the order if needed, then select your preferred Save Option.
- You can sort the FHA Eligibility column by clicking on the column header
