Is there a VA-approved condo list?

Yes. If you want to use a VA loan to finance the purchase of a condo, check out the VA’s approved condo list here.

Does it cost anything to get a condo VA-approved?

Home buyers don’t have to pay anything when requesting that the VA approve a condo building. The condo building’s homeowners association, though, might have to pay fees to get the proper approval.

What does it mean if my condo project is listed as ‘accepted without conditions’ or ‘accepted with conditions’?

“Accepted without conditions” means you can finance the purchase of your condo unit with a VA loan. “Accepted with conditions” means the building’s homeowners association must still resolve certain issues. For instance, a new condo building might not have enough units that have sold. You won’t be able to use a VA loan to buy in such buildings until more units are purchased.

How long does it take for the VA to approve a condo building?

The VA approval process isn’t always a quick one. Although it varies, the process can take a month or longer.

VA Condo Approval: What You Need To Know