As of Oct. 15, all eligible homeowners seeking FHA financing to buy a condominium can do so — a shift from earlier, tighter regulations. Recognizing the policy change would open doors for many first-time buyers, Taylor Johnson pitched clients The Habitat Company and Key Mortgage Services, Baird & Warner’s mortgage company, to Yahoo! Finance to discuss how the new federal condominium lending rules could help many get on the path to homeownership. To learn more about the policy change affecting FHA loans, read the full story here.

David Barnhart, vice president of condominium management at The Habitat Company, and Esther Phillips, senior vice president of Illinois-based Key Mortgage Services, talk about the ins and outs of new FHA condo borrowing rules.