Using a VA Loan for Condo Purchase

Learn whether or not a prospective condo is VA-approved.

NewDay USA Content TeamDecember 12th, 2017

You may have recently asked yourself, “Can I buy a condo with a VA loan?” You will be happy to learn that service members may use their VA benefit to apply for a VA loan towards the purchase of a condominium as long as the property meets certain qualifying conditions set forth by the VA.

How Do I Know if I Can Buy a Particular Condo With a VA- Guaranteed Loan?

If you are considering a specific condominium to apply your VA Purchase loan toward, you may request a Customized Condo Report from the U.S. Department of Veterans Affairs. This allows you to understand whether or not the condo is approved in your area of choice.

Apply for a $0 Down VA Home Loan with NewDay USA

If the condo you are considering is VA-approved, you may apply for a NewDay $0 Down VA Home Loan.

You would be able to enjoy and experience all the benefits that come with VA- guaranteed Home loans:

Zero down payment requirements
Zero private mortgage insurance (PMI) requirements
Competitive interest rates
Reusable and lifelong benefits
Limitations on closing costs
Loan is assumable
No prepayment penalty

Call us today at 800-405-4187 if you are interested in buying a condominium that is eligible for a VA loan. NewDay USA would like to help you realize the dream of homeownership.

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Using a VA Loan for Condo Purchase

How Do I Know if I Can Buy a Particular Condo With a VA- Guaranteed Loan?

Apply for a $0 Down VA Home Loan with NewDay USA

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We’re proud to help Veterans get what they deserve