VA Will Not Accept FHA Condominium Approval

Effective December 7, 2009, the US Department of Veterans Affairs (VA) will no longer accept HUD/FHA condominium project appraisals in lieu of VA project review. Condominiums previously accepted by VA, based upon HUD/FHA acceptance, will continue to be acceptable to VA. This policy appears to apply to all projects whether HUD (HRAP) or lender processed (DELRAP) approved.