Asked by: Cedrick Woerndelpersonal finance home insurance
How do I know if my condo is VA approved?
Last Updated: 4th January, 2020
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Herein, how do I find out if a condo is VA approved?
It's very easy to look up whether a condo is approved on VA's approved condo list. Just go to VA's website and type in the name of the condo. It's best to use just part of the condo name with an asterisk (*).
Also, do condos have to be VA approved? Buying a Condo With a VA Loan. Borrowers can use their VA home loan benefits to purchase a condominium. A condo complex must be approved by the VA in order for a borrower to purchase a unit. Hundreds upon hundreds of condo developments across the country are already on the approved list.
One may also ask, how long does it take for the VA to approve a condo?
How do I find out if my condo is warrantable?
Check the Lists HUD (for FHA loans) and the VA have lists you can consult to determine if a condo is warrantable. You can check the FHA list here and the VA list here. If you find your development's name on the list, you are in good shape. If you don't, then you have to do some more digging.