VA and FHA Condo Approval Process (2016)
Welcome to FHA Review! We are a 3rd party submission service that specializes in the 2016 VA and FHA condo approval process. We work directly with the Federal Housing Administration and Veteran Affairs to get Condominium communities all over the United States VA and FHA approved. Our team is currently working with Property Managers, Realtors, Lenders, Homeowners & Boards of Directors, nation wide! With FHA Review, getting VA and FHA condo approval has never been easier!
Watch our Explainer Video below to see how the VA and FHA approval process works:
Most communities that were given FHA condo approval certification had it revoked sometime in 2011. Check your status below to see If your condominium or HOA is currently VA and FHA approved, or expired.
Our goal is to get FHA Condo Approval for your community. Simply answer a few questions, and our team will begin a full review. No obligation, let us determine the eligibility of any condo project.
We can help get a condominium VA approved as well. The process is similar to FHA, however a different set of document and guidelines will apply. Click below to see more on the Veterans Affairs approval process.
FHA Review is proud to launch its newest feature. This interactive map is a powerful tool that has pinpointed every FHA Approved Condominium in the United States and its Territories. This FHA map is updated regularly.
VA or FHA Condo Approval Cost / Pricing
$850 Flat per Submission (FHA or VA)
No Hidden Fees
Payment Schedule for VA or FHA Condo Approval:
Whats Included in our service?
The Total cost for VA or FHA condo approval of an existing condominium is $850. There are no hidden or extra fees. If our review determines the condominium is eligible for approval, we will back it up 100%. If you don’t get VA or FHA condo approval, you don’t pay for the submissions! If you re-certify with us again in 2 years, we will offer a discount as well.
- Servicing All 50 States, DC, Puerto Rico, US Virgin Islands
- Full initial eligibility evaluation for VA and FHA condo approval
- Full Review of Documents
- Analysis of Financials
- Timely VA and/or FHA approval submission
- Contact with VA and FHA throughout Process
- Board meeting attendance (SoCal Only)
- 2 year renewal reminder of expiration
- Denied VA and FHA application assistance program
What sets us apart?
Many companies charge extra, or expect you to provide:
- Condo Plans
- Annexation documents
- FEMA Flood Maps
- Tract Map
- Phasing Documents
At FHA Review, these documents are included in cost.
Managers & Boards
For Property Managers & Boards of Directors, there is no downpayment necessary; only a contract signed by the Board or Management Company. We will invoice you $850 only when you are officially VA and/or FHA approved.
Realtors & Lenders
Total cost of a typical condominium to become VA or FHA condo approved is $850. A non-refundable $175 down payment will apply to all lenders, realtors and loan officers to start the process. The Remaining $675 will be due upon submission. If the community is eligible for our “Don’t Pass, Don’t Pay” program, we will guarantee approval, and refund your entire $850 if the community is not VA or FHA approved.
Don’t Pass, Don’t Pay Program
If our free review determines the condominium is eligible for VA and FHA condo approval, we will back it up 100%. If you don’t get VA or FHA condo approval, you don’t pay for the submission!
If your community does not meet our eligibility requirements for VA or FHA condo approval, we can submit your application for a non-refundable fee at your request. Common issues that preclude a condominium from meeting our Don’t Pass, Don’t Pay program are:
- Special Assessments
- Pending Litigation
- Interest Bearing Loans
- Low Reserve Funds
- Leasing Restrictions
- Missing Paperwork
- Transfer Fees
FHA Review is a proud member of the Greater Los Angeles, Orange County, Inland Empire, San Diego, and Chicago IL, CAI chapters. FHA Review’s Natalie Stewart has written an article entitled “About FHA Condo Approval” which can be seen in the September issue of In Focus Magazine, published by CAI. You can click here to read her article about the FHA Condo Approval process, and some of the major issues facing condominiums and the FHA condo approval process today.
The change in the FHA Condo Approval Process in 2012 has made it difficult for some association to achieve FHA and VA condo approval. FHA Review specializes in the 2016 VA and FHA condo approval process, and all that it entails. With FHA Review, getting your community VA and FHA condo approval & certification has never been easier! Navigate our site to learn learn more about the 2016 VA and FHA condo approval process. See our navigation panel for links to the pros and cons of FHA Condo Approval, as well as FAQ’s and other useful information. Our new map of FHA approved condominiums is a useful tool for realtors, managers, and home buyers. Contact us any time to learn more about the VA and FHA condo approval process in 2016, or our map of FHA approved condominiums. FHA Review is available to help your community achieve VA and FHA Condo Approval.
FHA Review did a wonderful job of getting my community FHA condo approval. The process was painless, and the communication with this company was superb! - Terry Smith (Property Manager)
- New HUD Mortagage Letter ImpactView this article on CAI’s Website – On November 13, 2015, HUD released a new Mortgagee...