step 1. Get your own Certificate of Qualification (COE)
The latest Va financing system allows army and you can pros inside the Arizona in order to purchase a home with no advance payment otherwise financial insurance rates. People are two persuasive gurus, especially in pricier real estate markets that require a substantial off percentage.
This choice and lets qualified borrowers to acquire multiple property designs, along with isolated single-household members homes, condos, and townhouses.
But there are particular standards with regards to to get an apartment which have an excellent Virtual assistant financing. For starters, the fresh new condo creativity need become previously approved by the U.S. Company out-of Veterans Facts.
This guide shows you brand new strategies simply take while using the good Virtual assistant mortgage to find a flat into the WA Condition.
As you probably already know, the Va home loan system is bound to help you army professionals, experts, and you may particular surviving partners. Therefore first interested in an apartment, you will need to get your own Certification off Qualification throughout the Service off Experts Issues.
So it file confirms their eligibility updates, providing the lending company an eco-friendly white in order to originate and you may procedure the loan. You can demand their COE through the website or get home loan company get it done to you personally.
dos. Check the condominium development’s acceptance reputation.

Of several condominium developments along the county off Washington have now been approved to have Va loan utilize. Continue reading “step 1. Get your own Certificate of Qualification (COE)”