FHA is now introducing a new program for qualifying condos for FHA loans called DELRAP. This could reduce the hassles condo owners are experiencing when trying to sell by making it easier for buyers to get a loan. DELRAP stands for Direct Endorsement Lender Review and Approval Process. As of October first DELRAP will be the (primary) way that condominiums will be approved for FHA. It may no longer take months for the FHA to review paperwork on a condo association in order to establish it on the "FHA Approved" list for lending.