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17406 : Real Estate Advice

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  • Home Buying2
  • Home Selling1
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Activity 4
Fri Aug 24, 2012
Bill Filling answered:
Condominiums can qualify for a VA guaranteed loan in most circumstances. There are some restrictions:
•Fifty percent or more of the building units must be owner-occupied
•No more than 15 percent of owners can be behind in Homeowners Association (HOA) fees
•If condos are to be newly constructed, 75 percent of the units must be sold prior to allowing VA loans

Gathering this information might extend the loan closing a few days, but otherwise, there is nothing unusual. Our Branch Manager is a disabled vet and is a VA loan guru. We would be happy to help you get the loan. Please contact me at 717-757-5322.
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Wed Mar 14, 2012
Elliott R. Oliva answered:
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Thu Jun 4, 2009
Jason Hertenstein answered:
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