Using Your VA Home Loan to Buy a Condo

A sunny day at a condo complex that has a pool with square, white condos.

When it comes to a VA Home loan, there are many different styles of home that you can choose from. A single-family house is not for everyone, so if your dream is to live by a beach in a condo or downtown in the city life, you can do that! Condos are known to be less maintenance than a house as well as more affordable. When it comes to using the benefits of a VA home loan, you need to make sure that the places you are looking at fall under the qualifications required for this loan. Another thing to keep in mind is that not every complex or company accepts this loan.

The Requirements

There are specific requirements that need to be met in order for a condominium to get approved.

  • For newly constructed condos at least 75% of the units must be sold first.
  • In pre-existing projects, 50% of the units must be occupied in order for a VA Loan to be considered.
  • The development must consist of more than one unit.

These are a few of the requirements for condos that already accept a VA home loan. When it comes to developments that are not already approved for these loans, there is a way that you can go about getting your loan approved. You first need to ask your loan officer to contact the development and get approval. Here are a few steps that need to be taken when trying to get this loan approved.

  • Declarations of covenants, conditions, and overall restrictions
  • Current financial and litigation statements
  • Minutes from a homeowner association meeting
  • Homeowners bylaws

Note that a development is not required to provide these documents, therefore, they are not required to approve a VA loan. It is up to their discretion.

Different Forms Of Approval

There are different ways that developments are approved to accept a VA loan:


The Housing and Urban Development Department, also known as HUD, is the department that holds all of the financing for VA loans. If you are looking at a condo that is already HUD-approved, then your chances are high for getting accepted to become a tenant.


These condos are already pre-approved by the VA which means that they also accept VA financing. Make sure you look into development that is already accepted and or approved that way you won’t have to go through the difficult process of trying to get somewhere approved.


If a development is not pre-approved by the VA then that means they are not available for VA financing. Meaning that they have never tried to go through the approval process or they might have been denied in the past. This is when you can decide to try and go through the process of getting this development approved or not.
These different forms of approval and disapproval will be listed somewhere in the information given from the development itself. This is a breakdown of what all the different status levels mean and where they stand when it comes to accepting VA loans or not.

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