How can you waive VA Loan requirements to buy a condomium?
I am about half way through the closing process when it finally occured to my mortgage loan officer and realtor that the condo I wish to purchase is not VA approved. We think there might be a way to get around this to close the deal without having to go through the lengthy process of gaining VA approval on the condomium. Any advice would be greatly appreciated!
VA loans are not very flexible. New government loans are now available that have all the good things VA loans offer and more. Check a FHA loan where you only need to put 3.5% downpayment and the expenses for buying a home. There are loan consultants I know who will walk you thorough the various loan products available and help you select the best one for you.
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