http://www.orangecountyvaloans.com/2009/09/how-to-figure-out-if-an-orange-county-ca-condo-is-approved-for-va-financing/ Information on VA Loans for Orange County Veterans Sun, 01 Aug 2010 21:05:35 -0700 http://wordpress.org/?v=2.9.2 hourly 1 http://www.orangecountyvaloans.com/2009/09/how-to-figure-out-if-an-orange-county-ca-condo-is-approved-for-va-financing/comment-page-1/#comment-167 Orange County, CA FHA Condominium Spot Approvals | FHA Mortgage Blog Thu, 18 Mar 2010 18:16:51 +0000 http://www.orangecountyvaloans.com/?p=63#comment-167 [...] For Orange County, CA VA home buyers, they should also check out the VA Condo approval list [...] [...] For Orange County, CA VA home buyers, they should also check out the VA Condo approval list [...]

]]> http://www.orangecountyvaloans.com/2009/09/how-to-figure-out-if-an-orange-county-ca-condo-is-approved-for-va-financing/comment-page-1/#comment-159 Orange County Home Buyers Eligible for VA Financing Have Big Advantage Purchasing Condo's | Orange County, CA VA Home Loan Blog Wed, 17 Mar 2010 06:18:40 +0000 http://www.orangecountyvaloans.com/?p=63#comment-159 [...] is where the qualified VA buyer steps in. If the condo project is on the VA Condo Approval List, no “extra” approval is necessary, and no “recertification” is required. Up [...] [...] is where the qualified VA buyer steps in. If the condo project is on the VA Condo Approval List, no “extra” approval is necessary, and no “recertification” is required. Up [...]

]]> http://www.orangecountyvaloans.com/2009/09/how-to-figure-out-if-an-orange-county-ca-condo-is-approved-for-va-financing/comment-page-1/#comment-157 VA Home Loans Remain Unchanged for Orange County Borrowers | Orange County, CA VA Home Loan Blog Wed, 17 Mar 2010 06:16:19 +0000 http://www.orangecountyvaloans.com/?p=63#comment-157 [...] FHA and Fannie Mae recently tightened their guidelines for financing on condominiums. FHA, which has an extensive approved condo list in Orange County, recently started requiring that projects on the list be “recertified”, a costly and time consuming process. Also, projects that were not previously on the list will need to go through a full review and approval process, which will take even more time and more cost. Plus, there is no guaranty that a project will be financeable. Even Fannie Mae is requiring a much more thorough look at condo projects. Each lender has their own approved condo list for Conventional loans, making lending on condo’s very tricky. VA is the only program that continues to have a valid project approval list. This is a big advantage for Orange County VA home home buyers interested in a condo. If they specifically look at VA approved condo projects, they will have an advantage over FHA and Fannie Mae home buyers. The key is to know how to find Orange County condo projects on the VA approved list. [...] [...] FHA and Fannie Mae recently tightened their guidelines for financing on condominiums. FHA, which has an extensive approved condo list in Orange County, recently started requiring that projects on the list be “recertified”, a costly and time consuming process. Also, projects that were not previously on the list will need to go through a full review and approval process, which will take even more time and more cost. Plus, there is no guaranty that a project will be financeable. Even Fannie Mae is requiring a much more thorough look at condo projects. Each lender has their own approved condo list for Conventional loans, making lending on condo’s very tricky. VA is the only program that continues to have a valid project approval list. This is a big advantage for Orange County VA home home buyers interested in a condo. If they specifically look at VA approved condo projects, they will have an advantage over FHA and Fannie Mae home buyers. The key is to know how to find Orange County condo projects on the VA approved list. [...]

]]> http://www.orangecountyvaloans.com/2009/09/how-to-figure-out-if-an-orange-county-ca-condo-is-approved-for-va-financing/comment-page-1/#comment-17 VA Loans are Gaining Popularity in Orange County, CA : Orange County Mortgage Blog Mon, 14 Sep 2009 04:48:58 +0000 http://www.orangecountyvaloans.com/?p=63#comment-17 [...] ****Updated September 13, 2009.   Effective October 1, 2009, FHA will require a full project approval prior to funding an FHA loan on a condo project. The list which HUD has maintained is going to be “erased”. The good news here is that VA has their own list. VA will be just about the only way for a home buyer to purchase a condo in Orange County, CA with anything less than 20% down. Orange County, CA VA buyers first need to check the VA condo approval list. [...] [...] ****Updated September 13, 2009.   Effective October 1, 2009, FHA will require a full project approval prior to funding an FHA loan on a condo project. The list which HUD has maintained is going to be “erased”. The good news here is that VA has their own list. VA will be just about the only way for a home buyer to purchase a condo in Orange County, CA with anything less than 20% down. Orange County, CA VA buyers first need to check the VA condo approval list. [...]

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