How to Find VA Approved Condos in Orange County, CA
By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Finding VA approved condos in Orange County, CA can be tricky. But if you are a Veteran looking to purchase a condo in Orange County, you will most likely want to restrict your home search to only those condos that are located within a VA approved condo project if you plan on using VA financing. Similar to FHA, VA has condo lookup website. However, it's not very easy to use. Why Does the Condo Project Need to be VA Approved?VA wants to make sure the condo project meets certain criteria before allowing financing within the project. Unlike FHA, which requires a review of condo documentation and financial statements every 2 years, VA is fairly loose and does not do periodic reviews. That makes it easier and is also why there are many more VA approved condo projects that FHA approved condo...
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