Obviously, as condominium project consultants you would expect us to beat the drum for FHA and VA condominium project approvals. But you don’t have to take our word regarding the benefits of obtaining these approvals.
The Orange County Association of REALTORS® has launched a campaign to educate condominium associations as to the benefits of getting the association approved with FHA and the VA. Amazingly, this is the same message that we have been working to deliver for the past several years.
They just did it better!
OCAR estimates that only 30% of the condominiums in our country are approved with FHA and even fewer with the VA. This means that more than 2/3 of the condominiums are not available for purchase by FHA and VA buyers.
The short video below was developed for California but it really applies to every state in the country.
By the way, our company is what OCAR terms as an “Independent FHA Approval Facilitator”.