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VA Loan and Condo.

I'm looking to purchase my first home and would like to use my VA benefits, such as a VA loan.  I have an 800+ credit score and would like to purchase a condo in the Chicago area. Can a VA loan be used for a condo? If so, is it difficult and what are the steps involved?  Thanks.
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October 29 2013 - US
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Answers (1)

Hi,

Yes a VA loan can be used to purchase a condo, as long as the complex is VA approved.  VA offers a search option through their website at https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch, where you can search to see if condo complexes are VA approved.

Good luck!
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October 29 2013
 
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