Condo approvals for FHA, VA, Fannie Mae, and Freddie Mac
When a project isn’t approved, financing dries up and closings stall. We run the review end to end — documents, gap analysis, submission, agency follow-up — until your project is approved and listed.
30+ years · All 50 states · 1000’s of projects approved · Fannie Mae–certified project specialist
An unapproved project costs you three ways
Buyers walk. FHA, VA, and conventional buyers can’t close on a project the agencies won’t finance. Your buyer pool shrinks to cash and portfolio lenders.
Values soften. Fewer eligible buyers means fewer offers, longer days on market, and comps that reflect both.
The board absorbs it. Questionnaires, insurance certs, and lender follow-ups land on volunteers who never signed up for underwriting.
One team, every agency
Approval isn’t one process. FHA, VA, Fannie Mae, and Freddie Mac each have their own forms, thresholds, and reviewers — and the rules move. We run all four, tell you up front which ones your project can realistically clear, and fix what’s in the way before it turns into a denial.
No guessing which program to chase. No submitting a package that was never going to pass.
This is for you if:
- A buyer’s lender just told you the project isn’t approved
- Your FHA approval expired, or expires this year
- A condo questionnaire came back and nobody can answer question 12
- You were denied before and never got a clear reason
- You’re building or converting and want approval in place before sales open
What we handle
Six services, one document set. Everything we collect for one program gets reused for the next.
FHA project approval — New approvals and recertification through HUD, so FHA buyers can finance a unit in your community. You get:
- submission package
- HUD correspondence handled
- listing on the approved-condo list
FHA single-unit approval — For when the project isn’t approved and one buyer needs to close now. Reviewed unit by unit, subject to project concentration limits. You get:
- unit eligibility review
- lender-ready file
VA project approval — Gets the project onto the VA-approved list so veteran buyers can use their benefit. Separate from FHA — one doesn’t carry the other. You get:
- VA submission
- condition responses
Fannie Mae project review — Full Review support and CPM certification so lenders can deliver loans to Fannie Mae, including the deferred-maintenance and insurance questions that stall files. You get:
- review determination
- lender documentation
Freddie Mac project review — Established, new, and detached project reviews, plus responses to project assessment findings and exception requests. You get:
- review determination
- exception support
Questionnaires & document review — Standing service for managers and lenders. We complete condo questionnaires and review governing docs, budgets, reserves, and insurance, and flag problems before a lender does. You get:
- completed forms
- written issue list
How it works
- Eligibility check — [1–2] business days. Send the basics. We tell you which programs are realistic, which aren’t yet, and what stands in the way.
- Flat-fee proposal and document request. One specific list of what we need. No open-ended “send everything you have.”
- Gap analysis and remediation plan. We measure your documents against current agency guidelines and hand the board a written punch list: what to fix, who fixes it, and what it blocks.
- Submission and agency management. We assemble and submit the package, then own the follow-up — conditions, reviewer questions, resubmissions.
- Approval, file handoff, and renewal date. You get the approval, the organized file, and a reminder before recertification comes due.
What we’ll need from you
- Declaration, bylaws, and recorded amendments
- Current operating budget
- Reserve study, or reserve funding detail from the budget
- Most recent financial statements
- Insurance certificates — property, liability, fidelity/crime, flood if applicable
- Completed condo questionnaire
- Owner-occupancy and rental unit counts
- Delinquency report — 60+ days
- Litigation status and any pending special assessments
- Management company contact
Who we work with
- HOA boards — Approval without turning a volunteer role into a second job.
- Community managers — One vendor for questionnaires, renewals, and lender questions across the whole portfolio.
- Lenders & underwriters — Project eligibility answers you can put in a file, with turn times you can quote a borrower.
- Real estate agents — Know whether a listing is financeable before you take it, not at the appraisal.
- Developers & converters — Approval in place before the first closing, so sales don’t stall at unit three.
Why associations and lenders keep us on file
- We’ll tell you no. If a project can’t clear a program yet, you hear it in week one with a path — not after a denial.
- Every agency, one file. The four programs share underlying documents. We collect once and reuse the work.
- The rules move; we track them. Insurance and deferred-maintenance standards have tightened significantly in recent years.
- Flat fees, quoted up front. No hourly surprises on a board’s budget.
- The file is yours. Organized and ready for the next lender who asks.
What Our Clients Have To Say
Ready to Get Approved? Let’s Make It Happen – Fast.
Avoid last-minute loan denials, underwriter delays, and the stress of non-warrantable condos. Whether you’re a lender, agent, buyer, or HOA, we’ll help you clear the financing hurdle with confidence.
– Fast, nationwide condo project reviews
– Full & Limited reviews for Fannie Mae and Freddie Mac
– Clear, lender-ready documentation – no back-and-forth
At Condo Approval Professionals, we stand behind every review! Upon completion of the Condominium Project Review, a signed warranty is issued for the Condominium Project (if the Condominium Project meets associated governmental guidelines.)
Guidance on fixing red flags before they stop your deal
We’ve helped thousands of projects get approved and closed – let’s get yours across the finish line.
Call us at 847-293-2962 or click the button below to get started.
FAQs
It’s a determination by FHA, VA, Fannie Mae, or Freddie Mac that a condominium project meets that agency’s requirements, so lenders can originate and sell loans on units inside it. It evaluates the project, not the borrower — a well-qualified buyer still can’t get an agency loan in a project that doesn’t qualify.
Sometimes. FHA’s single-unit approval allows an individual unit in an unapproved project to be reviewed on its own, subject to limits on how many units in a project can use it. Conventional and VA have narrower paths. The eligibility check will tell you which apply.
No. They’re separate reviews against separate standards. A project can be FHA-approved and still fail a Fannie Mae review, most often on insurance, reserves, or deferred maintenance.
Most of the clock is document collection, not agency review. Projects with current financials, a reserve study, and clean insurance typically move in a few weeks. Litigation, deferred maintenance, or missing records extend it.
Yes. FHA project approval is time-limited and has to be recertified before it lapses. Conventional certifications are re-verified far more often, and a lender may re-check the project on every loan. We track your renewal date so approval doesn’t quietly expire mid-transaction.
Common causes are reserve funding below the required share of the budget, delinquencies above the allowed threshold, active litigation involving the structure or safety of the building, missing or insufficient insurance coverage, too much commercial space, short-term rental operations, and deferred maintenance without a funded plan.
Usually. Denials often trace back to an incomplete package or a single fixable condition, and reviewers rarely explain it in useful detail. We start by finding out what actually happened, then tell you honestly whether a resubmission makes sense.
Usually the association, but lenders, developers, and agents engage us too — for a single unit or an entire portfolio.
Project name and address, unit count, whether the project has been approved before, and a rough sense of the association’s financial position. The eligibility check runs off that.
