Badge of Honor

Having your community VA and FHA approved is prestigious, a badge of honor, and shows pride. Approval signifies a great community with the proper insurances, fidelity bond, reserves, is financially strong, and has mostly homeowners.

Increase Pool of Potential Buyers

Many Lenders look for VA and FHA approval when deciding if they will lend in a complex. VA & FHA approval is a sign of a stable, well-run, and well-managed community. Statistics show that a lot of home buyers intend to use VA or FHA financing. If your community does not have VA and FHA condo approval, you are definitely limit the buying pool home buyers – thus stagnating unit values.
NOTE: These are “regular” buyers – a VA or FHA loan is not associated with low income programs, such as Section 8. For example, in all states, one specific FHA insured loan (called a HECM) reaches up to $679,650 (the home value) for the lending limit.

Increased Unit Values

VA and FHA approved Condos have a larger pool of prospective buyers, therefore increasing competition and demand for units. This will result in higher purchase prices thus an increase in market value.


Some real estate agents won’t even show units that aren’t VA and FHA approved as financing can be a challenge. Being approved sets your community apart from others. Many condo communities have not be reapproved since FHA cleared the list in 2011 during the housing crisis.

Reassurance and Confidence

Going through the VA and FHA condo approval process gives your Homeowners the reassurance and confidence that management, and the Board, truly cares about the community and wants it to thrive. Having your complex VA and FHA approved will help unit owners when they sell their units – both in price and marketability.

Less Renters

Generally speaking, communities without VA and FHA approval will attract buyers that can make large down payments or pay all cash. These buyers may be investors who will rent out the property, meaning less owner-occupied units.