Boston Realtor Mike Mahoney
Michael Mahoney
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Posts Tagged ‘How to Know if a Condo is FHA or VA Approved’

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

April 11th, 2018 by Michael Mahoney

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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