The Total cost of an existing condominium to become FHA or VA approved is listed in the above chart. There are no hidden or extra fees. If our full review determines the condominium is eligible for approval, we will back it up 100%. If you don’t get FHA or VA Condo Approval, you don’t pay for the submission!
- Initial eligibility evaluation
- Full Review of Documents
- Analysis of Financials
- Timely FHA Submission
- Contact with HUD throughout Process
- Board meeting attendance (SoCal Only)
- 2 year renewal reminder of Expiration
- Denied 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 the cost.
Managers & Boards
For Property Managers & Board of Directors, there is no downpayment necessary, only a contract signed by the Board or Management Company. We will invoice you only when you are officially FHA or VA approved.
Realtors & Lenders
The total cost of a typical condominium to become FHA or VA 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 approved.
Don’t Pass, Don’t Pay Program
If our full 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 submission!
If your community does not meet our eligibility requirements, 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