Gemineye74, You can possibly get a certain development approved. I am the listing agent for a condo, and the buyer had a VA approval. Her agent asked if my buyer would allow them to get a VA approval on the property, and together we all worked to get it done. I won't lie and say it was the easiest process possible. It cost a bit of money, and took us 45 days. Originally we were told it might be about a 10 day process, but this particular development has a big deferred maintenance issue- and upcoming repairs, so the VA looked at all of the finances with a fine tooth comb- adding extra time and effort to the process.

With the right seller, and the help of the right agents, it can happen!

If I may be of help to you in any way, please let me know.

Patti Phillips
"Advice You Need, Attention You Deserve"
800-680-9133 or 619-507-2100

The biggest problem nowadays is the lack of VA approved condos. I have never heard of getting one approved unless the builder gets it approved, but I would check into a spot approval with your lender...and check around with different lenders. They all practice things a little different. Other than that...stick to the approved list. Or do fha.

Good luck
Joan

Gem in 92110,

VA approved 92117, Balboa Ridge Condos, just 1 mile away Call if you need further assistance

Gemineye74,
Here is the list to check for approved VA complexes.

http://condopudbuilder.vba.va.gov/2.2/frames.html

If the project you are looking is not on the list, the developer/owners can try to get the projcet approved via specialists (for a fee) in that area (I can provide a name if you need it). This is for San Diego county.

I have worked with VA buyers and it is very difficult in the lower price ranges. Like you state Sellers and Banks don't like them One Client I had to write over 10 offers and finally we got a place after it fell out of escrow for the third time. Persistence pays and I would suggest working with a lender that really understands the process and can write a very strong pre-approval letter.

There is a VA website but it is very hard to navigate and many complexes are listed incorrectly on it. The only safe way is to again work with someone in the know.

VA is a great loan so just be persistent. Hopefully the inventory will loosen up a bit and the Sellers will be more anxious to put deals together. There are many more foreclosures going through the process right now headed for the open market.

Your lender needs to attempt a "spot approval" of the complex in question. Unfortunately, now a days these are very hard to come by. I've had great luck with mortgages through credit unions versus regular banks when there are VA/FHA complex approval issues. Good luck!