Did You Know You Can Buy Condos With The VA Loan?

 


VA Loans and Condos: What Veterans and Active Duty Need to Know

Hey Veterans and Active Duty, did you know VA requires condos to be VA-approved before financing? 

Buying a condo with a VA Loan can be an excellent choice—often offering lower maintenance, community amenities, and affordability compared to single-family homes. But there’s one key detail that sets condos apart: not every condo community is eligible for VA financing.

Why VA Approval Matters

The Department of Veterans Affairs wants to ensure that condo projects meet certain standards to protect Veterans and Active Duty buyers. These standards cover things like:

  • Financial stability of the condo association – ensuring reserves and budgets are sound.

  • Owner-occupancy ratios – too many investor-owned units can be a red flag.

  • Legal requirements – making sure the condo association follows rules that protect residents.

How to Check if a Condo is VA-Approved

  • The VA maintains an official VA-approved condo list.

  • Your lender (like me) can check the status for you quickly.

  • If a condo isn’t on the list, there may be a process to request approval, but it can add time to closing.

Pro Tip

Work with a Realtor and loan officer who understand VA guidelines. If you find the perfect condo but it isn’t VA-approved, you’ll want a team who can guide you through next steps—or help you pivot to a community that’s already approved.

For many Veterans, condos are a smart path to homeownership. Just make sure you start with the right information so there aren’t surprises later. #CondoLife


About Between Two Doors

Between Two Doors is a podcast where I talk with Realtors about their journey, aiming to connect home buyers and sellers with agents on a more personal level. I ask "right brain" questions that go beyond transactions, focusing on the experiences, values, and passions that make these professionals great at what they do.

Listen to more episodes at: https://www.betweentwodoors.com

Sponsored by:
Premier Lending, Inc.
https://www.natecarver.com

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NMLS: 2004738
Licensed by the Department of Financial Protection and Innovation (DFPI). Equal Housing Opportunity.
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📞 Contact: 972-832-5761

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Location: United States

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