Condo financing has gotten harder. In order for your buyer to buy a condo with a VA loan, the condo must be VA approved. In order to find out if the Condo is VA approved checkout: VA Condo. It is the direct link to VA's website to find out if the condo is approved. Please call or email me with any questions.
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS
Dave, So many condo complexes are not acceptable to the banks, that I suggest that people should check with their banker before getting too excited about looking at and purchasing a condo, The new regulations that the government has required are making it difficult to obtain a loan, even with 25% down, conventional mortgage. I believe that VA loans, now fall under the conventional mortage umbrella?
Jan 20, 2011 07:24 AM
www.DaveYourMortgageGuy.com - Legend Lending - Sugar Land, TX
DaveYourMortgageGuy.com
Condos are more difficult to get financed and the buyer should ask their mortgage person before making an offer. VA loans still fall under VA guidelines not conventional. so that makes it easier.
Jan 20, 2011 07:30 AM
Comments (2)Subscribe to CommentsComment