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Buying a condo on a VA loan

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Home Loans

It is frustrating buying a condo in Florida with a va loan, have looked at 2 and reeltor said both dont qualify with va. What can we do to get them approved or do we move on? Having trouble finding anything other than houses in area i want to live, please help.

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  1. Veteran Banker on Oct 14, 2011 Reply

    Getting a condo development approved for VA financing can be a tedious process. Many failed condo projects during the real estate bubble are not eligible if the project never completed all phases or had other challenges like bankruptcy, as is very common.

    Your real estate professional should only be directing you towards VA eligible condos.

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