Coming back to you with some more information
about how to finance condominiums
This time I want to talk about
Buying a Condo with a VA loan
If you are a Veteran, thank you so much for your services
As I am very passionate about helping our Veterans
Look, condos and VA loans don’t blend together
If you’ve watched a video in FHA and Condos
it is very similar
In order to purchase a condo
using a VA loan
The condo must be VA approved
There is not many of them
there’s more on FHA user but not many
You may ask why there are so few
What I have been told
The process to get a condominium approved
with VA is a very timely and expensive process
And you know the full process of buying a condominium
does help promote sales and help move more of the units
I guess a lot of people decide that it is not
So whether you go FHA or VA
The approval process is expensive
and the approvals expire,
you have got to keep redoing it
So that is why there aren’t many
Look, if you are interested in buying a condo
And utilizing your VA mortgage benefits
Reach out to me and I’d be happy to do
a search and pull up a list for you
That’s what I got for you on VA
Thank you very much folks
My name is Scott DiGregorio
I’m Your Mortgage Guy
I’ll see you on the next video, take care
