Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
VA Condo Approval Issues: Many condominium projects in areas like San Diego and Long Beach may not be approved for VA loans. Common reasons include having too many rental units (investor occupancy) or restrictive Homeowners Association (HOA) rules that conflict with VA guidelines.
Required Documentation: For a condo project to gain approval, the VA must review a comprehensive set of legal and financial documents provided by the HOA. This ensures the project is stable and well-managed.
Verification Process: Before making an offer, you or your real estate agent can use the VA's official online database, the WebLGY Portal, to immediately check if a condominium project is already on the approved list.
Read the full blog article here: https://www.iqratemortgages.com/blog/why-your-san-diego-condo-isnt-va-loan-approved
Your perfect condo is not approved; the whole building is. I, David Ghazaryan, make the whole project approval process happen. The biggest reason they fail: too many units are rented. My team turns this problem around by working with them. If it fails, you need a loan with money down. I wrote a full guide online. See my platforms below.
Read Blog Here: https://www.iqratemortgages.com/blog/why-your-san-diego-condo-isnt-va-loan-approved
