KAISERFINANCE.COM

CONDO LOAN APPROVAL

...or 

Steps to get the loan for a condo complex or unit approved

If the condo complex already appears on the following lists, then it is already approved for loans:

• Fannie Mae approved condo list for California

• Fannie Mae approved condo list for Florida

• FHA approved condo list

• VA approved condo list

(NOTE: If the condo project does not appear on the VA list, VA allows us to close loans on all condo projects listed on the FHA list) 

If the condo complex is not on any of these lists, we can guide you to fill out the form that is applicable to your specific project. Among the candidate forms are:

​

• FHA single unit (spot) approval form (form 9991)

• FHA full approval form (HRAP or DELRAP) (form 9992)

• Fannie Mae condo – full review (form 1076)

  • Most critical requirements for loan approval in an FNMA full review ​

• Fannie Mae condo – limited review (form 1077)

  • Owner-occupied condo: minimum 10% down payment 

  • Investor-owned condo: minimum 25% down payment for CA, minimum 30% down payment for FL

  • What is the advantage of a limited review versus a full review?

Thank you for choosing Kaiser Finance.

If you have any questions regarding the condo loan approval specific to your situation, you may call Roger directly and he'll guide you through the process over the phone (TEL 760-383-1293).