LIC’s L haus gets FHA approval

Long Island City condo development L haus has just garnered Federal Housing Administration financing approval, according to Karen Mansour, an executive vice president with Prudential Douglas Elliman, who is handling sales at the 122-unit building. The FHA approval will allow buyers to receive up to 96.5 percent financing on home loans. Prices on units, which range in size frm 675 square feet to 1,800 square feet and come in one-, two- and three-bedroom layouts, start at $465,000 and peak at $1.31 million. “Receiving FHA approval is a great accomplishment for L haus,” Mansour said. “Over the past couple of years obtaining a mortgage has been complicated and the qualifying factors have been more stringent, but with the FHA option we hope financing will be easier for prospective buyers.” TRD