Why Your VA Loan Won't Buy That Specific Condo

July 21, 2026

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David Ghazaryan

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TL;DR

This guide explains why the VA must approve an entire condominium building, not just a single unit, to protect its investment and the veteran homebuyer. Key points include:

Financial and Structural Stability: The VA's approval process ensures the condo project is a sound investment by evaluating the HOA's finances, legal standing, and overall health.
Common Disqualifiers: A condo may be ineligible for a VA loan due to issues like a high number of investor-owned units, ongoing lawsuits against the HOA, or insufficient reserve funds.
Verification and Approval Process: Veterans can check a condo's status on the VA's public database, and while a buyer cannot initiate the approval process directly, their lender or the HOA can submit the necessary paperwork.

Read the full blog article here: https://www.iqratemortgages.com/blog/why-your-san-diego-condo-is-not-veteran-affairs-approved-38d99

Video Transcript:

Your perfect loan can’t buy that condo. I’ll show why. I'm David Ghazaryan. My job is getting entire buildings approved. The building must have more owners than renters living there. We check the public VA approval list before you get attached. Getting an unlisted building approved takes time and precise paperwork. I continue this analysis on my platforms. The article is linked.

Read Blog Here: https://www.iqratemortgages.com/blog/why-your-san-diego-condo-is-not-veteran-affairs-approved-38d99

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