Mission Valley Condo Loans-FHA/VA Approvals

The following Mission Valley Condo complexes are eligible for FHA and VA financing (as of 8/6/09):

Friar's Pointe
Friar's Hollow
Friar's Mission
Creekwood at River Run
The Franciscan
Friar Gardens
Union Square
River Scene
Mission Gate
Mission Greens
Mission Heights
Mission Playmor
Mission Plaza
Mission Village
Mission Ridge
Mission Verde
Park Villas North
Rancho Mission Villas
River Colony

This information is not guaranteed for accuracy. FHA condominium approvals can be searched at the HUD portal and VA condominium approvals can be searched at the VA portal. It is advised to search at the portal before visiting the complex.

Many conventional lenders are defaulting to the FHA approval as the bellwether approval for Fannie Mae or Freddie Mac eligible loans as well. While conventional loans aren't subject to the rigorous testing the FHA uses, the credit crunch has caused lenders to usurp the traditiional loan-by-loan approval process and only accept FHA approvals.

Contact me for specific requirements if you are looking to purchase a Mission Valley condo.

REQUIRED READING FOR MISSION VALLEY CONDO BUYERS:

Wondering if there really is a shortage of condos for sale? Read this.

Want to make sure you don't overpay for that condo? Read this.

How should you prepare for your loan application? Read this

Where are mortgage rates headed? Read the mortgage rates report