Realtor Michael Mahoney in Boston with eXp Realty
Michael Mahoney
617-615-9435617-615-9435

How to Know if a Condo is FHA or VA Approved by Brian Tobin of Guaranteed Rate

How to Know if a Condo is FHA or VA Approved

A lot of first time home buyers are using FHA and VA loans. These loans are great in that they allow a borrower the opportunity to become approved and use a very small deposit. In the case of the FHA loan, the borrrower may qualify with as a little as 3.5% down and with the VA loan, the borrower can finance up to 100% of the purchase price.

 

When borrowers look at condos, they have to make sure that the condos are approved by either the Federal Housing Authority or the Veterans Administration. You would want to know this information before you go

We reached out to a local lender, Brian Tobin of Guaranteed Rate to ask the question for our readers.

“Michael, since I get this question a lot, here are the 2 sites we use to determine if a condo is FHA or VA approved.

This is a handy resource to have when you are out searching for homes with your buyers.

To find out if a condo You can find the list of approved FHA condo projects here

To find out if a condo You can find the list of approved FHA condo projects here

To find out if a condo You can find the list of approved FHA condo projects here

 

 

See the list of approved VA condo projects here

See the list of approved VA condo projects here

 

 

 

If you have questions about VA or FHA loans in Massachusetts, please reach out to Brian Tobin below:

Brian Tobin
Senior Loan Officer Guaranteed Rate
brian.tobin@rate.com

www.rate.com/briantobin
o: 781.526.3938 –
f: 781.658.2206
See Brian Tobin on Linked

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5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

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