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Wruthwilson, Other/Just Looking in Philadelphia, PA

What is the process for getting a condo property approved as a "VHA approved dwelling" and/or a "VA registered property?"

Asked by Wruthwilson, Philadelphia, PA Wed Jul 14, 2010

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Unfortanately they do not conduct spot approvals any longer, the whole condo project will need to get approved, most times if you are getting a loan, the loan officer may assist in getting the documents to the management to complete it. There is limitation on how many units can be rented, what percenatge of owners that can be delinquint etc. It is not an easy process. It is also something you can ask the condo board to get done as it will increase the value in your condo in the long run by opening it up to more buyers.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Jul 14, 2010
Unfortanately they do not conduct spot approvals any longer, the whole condo project will need to get approved, most times if you are getting a loan, the loan officer may assist in getting the documents to the management to complete it. There is limitation on how many units can be rented, what percenatge of owners that can be delinquint etc. It is not an easy process. It is also something you can ask the condo board to get done as it will increase the value in your condo in the long run by opening it up to more buyers.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Jul 14, 2010
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