Maybe this will help?

Everyday I am asked questions that make me sit back and wonder why that person did not know the answer to the question. Usually after a brief discussion it isn't they did not know it, it is they were unsure with what they did know. Same thing happens to me all the time, I get asked a question, I give an answer, then the second question comes and the moment of doubt.

Today, I want to give you some useful information in the form of links that I hope will help you as Realtors.

Over the past five or six years with the availability of no doc loans, Government loans (FHA and VA) saw a downturn in the number of loans these agencies placed yearly on owner occupied housing. Now with tightening credit guidelines we have seen an increase in FHA and VA loans which I believe is very good for the consumer. Condos seem to present the biggest problem. It is absolutely imperative the condo project have FHA and or VA approval. In order to know where to start you must first establish whether the project is approved. This really should be done while you are researching for the listing. Here are two links to help:

For VA condo approvals: http://condopudbuilder.vba.va.gov/2.2/frames.html

For FHA condo approvals: https://entp.hud.gov/idapp/html/condlook.cfm

Of course the most important link is the one with the loan officer you have a developed relationship. All loan officers are not alike just like all Realtors are not alike. Having a team relationship with your loan officer can help you when you are the selling agent and yes even when you are the listing agent.