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Tuesday, April 15, 2008

Are VA-Approved Condos also FHA-Approved?

No. The approval does not carry over from VA to FHA and vice versa. There are a large number of condo projects in San Diego that are not FHA-approved because of the previous lower loan limits.

If client are interested in a condo that is not yet FHA-approved we can submit for a spot-approval ONCE THE DEAL IS ACCEPTED. Now that our in-house mortgage affiliate is co-owned by Wells Fargo and Warren Buffett's HomeServices, Inc. we have acquired some good connections within HomeServices to get these spot-approvals done quickly and efficiently.

If you have any further questions, contact:

Tracy Neal
Home Services Lending
1299 Prospect St Suite 203
La Jolla, CA 92037
(P) 858-729-1018
(F) 858-459-0986
(E) tracy@gregparkerteam.com
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