Are VA loans approved for Cross Creek?

Asked by dikkey801, Atlanta, GA Sun May 26, 2013

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Coole Home, Agent, San Diego, CA
Wed Oct 2, 2013
If there is litigation, you will not be able to get the complex approved for a VA loan.
Owner occupancy does not matter for VA (only for FHA).

VA Home Loan Centers can help you get a project approved.
0 votes
, ,
Tue May 28, 2013
No, the project is not currently approved for VA mortgages. To close on a VA mortgage, the condo project must be approved by VA. With a VA condo project approval, VA requires that the HOA submit the request directly to them. This would typically take at least 30-45 days to complete based on the completeness of the submission and the VA's capacity when received.

As of right now, the project is not FHA approved. This means that it would likely not meet VA requirements either as they are very similar to that of FHA. The last I heard, there was a pending litigation issue that was unresolved.

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Chris Irvin, , Atlanta, GA
Tue May 28, 2013

I know this complex very well as I have a couple of friends who are current owners and I lived there several years ago myself. It is a great community with lots of amenities in a prime location. Right now it is not FHA or VA approved and has a high percentage of rental units. I'm not as familiar with VA's guidelines for project approval as I am with FHA's but this complex will not meet the FHA's requirements for percentage of owner occupancy. I would estimate that 30-40% of the units are rentals maybe more. I understand that VA is more liberal with their project approval guidelines but there is probably a reason why this complex is not currently approved. Unlike FHA approval a VA project approval does not expire or have to be renewed. The VA approval process can be time consuming and expensive and knowing what these condos are going for right now you might be better off using that money as down payment. Also if you’re in a multiple bid situation the seller is unlikely to accept your offer if it's contingent on a VA loan. I hope this info helps. Good luck.


Chris Irvin
Mortgage Banker
Brand Mortgage
NMLS 75615/465546
0 votes
Jonathan Cun…, , Atlanta, GA
Mon May 27, 2013

I'm not sure that the first two posts addressed your specific question.

Cross Creek Condominiums may or may not be approved for VA lending.

More information would need to be obtained in order to find out.

Here is a link to the VA’s list of reviewed condominiums:
Here is a list of condominiums that comes up for Atlanta, GA in Fulton County:…

There are requirements for VA to review the Condominium, and I would talk to a lender who could review those requirements for you.

You may also want to reach out to the homeowners association who may be able to tell you if the condominiums are approved for VA Financing.

Cross Creek HOA:

Good luck with the home purchase!

Don’t hesitate to call me if you need financing information.

Thank you,

Jonathan R. Cundiff
Mortgage Consultant
NMLSR ID 448285
Wells Fargo Home Mortgage
464 Cherokee Ave Se
Atlanta, GA 30312
MAC M2166-021
Tel (404) 610-1011
Fax (877) 302-9968
0 votes
Scott Smith, , Atlanta, GA
Sun May 26, 2013
Yes you may use your VA loan anywhere you want without limitation. First Community Mortgage waive all closing cost fees for veterans and active military borrowers. You have served your country let FCM serve you.

Its free, easy, and fast to get approved. Please visit
0 votes
Robert Robbi…, , Atlanta, GA
Sun May 26, 2013
VA loans are not restricted by area (not like a USDA). You should have no issues buying a Residential home with a VA loan anywhere.

I hope this helps, if you need more information please feel free to call.
Best Wishes,

Rob Robbins
Senior Mortgage Consultant
Cornerstone Mortgage Group,LLC.
Office - 678-578-7613
Cell - 404-932-5353
Fax - 678-388-1336
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