I am beginning another series about “Things That Can Make Your Las Vegas Financed Home Purchase *Blow Up* in the Middle of a Transaction.”
My ultimate goal in this series is to make Las Vegas Home Buyers aware of the challenges of a specific home’s eligibility for financing.
Congratulations! Your lender just approved you to purchase a Las Vegas area home by looking at your check stubs, debt to income ratio and you are now approved to purchase a Las Vegas area home!
Hold the phone here, *you* may be eligible to purchase a home but is the house eligible for financing? This series is designed for you to research a home’s eligibility for financing.
DISCLOSURE: I am not a lender, title company, home inspector, contractor or appraiser. I am only speaking from personal experience by working with financed Las Vegas area home buyers. Hopefully you have hired a Las Vegas area real estate agentwho will be able to spot things that can *potentially* cause problems with your financing (mostly FHA/VA) before your contract to purchase a Las Vegas area home.
Much of Las Vegas is currently priced in fire sale status. Many times when you see unusually inexpensive homes there is a reason – they are not eligible for financing and the seller does not wish to rehabilitate the home to make it eligible for financing.
Today’s topic at hand is the “Condo Certification“. A Condo Certification is ordered by your lender from the Condominium HOA.
The lender is looking for certain things in the Condo Certification that will determine if they will lend money on that specific condo property:
- Lenders want to see low investor concentration (rentals)
- Low HOA delinquencies
- No construction defect or other litigation against HOA or community
Las Vegas Condo financing is a huge challenge in our market and there is no telling when things will turn around to make it easier to buy a Las Vegas Condo using traditional financing methods. Many are priced very low and there is a reason for that – because they are all cash transactions.
HUD (FHA) does have an “Approved Condo List” where you can search online.
Newest Condos for Sale in Las Vegas:
Showing properties
1 - 50 of 453.
See more Condos.
(all data current as of
5/15/2012)
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$85,000 : 8452 Boseck Dr 269, Las Vegas2 beds, 1 full, 1 part baths
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$79,995 : 5076 S Rainbow Bl 106, Las Vegas3 beds, 2 full baths
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$75,700 : 6170 E Sahara Av 1071, Las Vegas3 beds, 2 full, 1 part baths
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$71,990 : 4200 S Valley View Bl 2037, Las Vegas3 beds, 2 full baths
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$64,000 : 9129 Alpine Grove Av 101, Las Vegas2 beds, 2 full baths
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$64,900 : 2200 S Fort Apache Rd 2251, Las Vegas2 beds, 2 full baths
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$66,000 : 7570 W Flamingo Rd 226, Las Vegas2 beds, 2 full baths
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$60,000 : 3145 E Flamingo Rd 1039, Las Vegas3 beds, 2 full baths
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$59,000 : 8101 W Flamingo Rd 1096, Las Vegas2 beds, 2 full baths
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$52,000 : 714 Oakmont Av 1109, Las Vegas1 bed, 1 full bath
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$51,800 : 5710 E Tropicana Av 2168, Las Vegas2 beds, 2 full baths
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$45,000 : 7200 Pirates Cove Rd 2037, Las Vegas2 beds, 2 full baths
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$41,000 : 3318 N Decatur Bl 1068, North Las Vegas2 beds, 2 full baths
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$45,000 : 900 Heavenly Hills Ct 220, Las Vegas2 beds, 2 full baths
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$41,000 : 3318 N Decatur Bl 2066, North Las Vegas2 beds, 2 full baths
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$47,000 : 3145 E Flamingo Rd 1079, Las Vegas2 beds, 2 full baths
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$39,000 : 1553 Dorothy Av 3, Las Vegas2 beds, 1 full bath
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$39,888 : 2374 Cardiff Ln D, Las Vegas2 beds, 1 full bath
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$26,500 : 1808 N Decatur Bl 102, Las Vegas2 beds, 2 full baths
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$34,900 : 4200 S Valley View Bl 1096, Las Vegas0 beds, 1 full bath
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$42,900 : 3151 Soaring Gulls Dr 1210, Las Vegas1 bed, 1 full bath
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$199,000 : 32 Via Vasari 1103, Henderson3 beds, 2 full, 1 part baths
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$71,000 : 2866 Loveland Dr 2022, Las Vegas1 bed, 1 full bath
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$45,000 : 1301 Markwood Cr 201, Las Vegas2 beds, 2 full baths
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$39,700 : 3318 N Decatur Bl 1163, Las Vegas2 beds, 2 full baths
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$137,800 : 56 E Serene Av 418, Las Vegas2 beds, 2 full baths
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$99,000 : 32 Hudson Canyon St 1, Henderson3 beds, 2 full, 1 part baths
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$80,000 : 8452 Boseck Dr 207, Las Vegas3 beds, 1 full, 1 part baths
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$67,000 : 7701 W Robindale Rd 134, Las Vegas2 beds, 2 full baths
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$69,000 : 1985 Cutlass Dr 69, Henderson2 beds, 2 full baths
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$61,000 : 6250 W Flamingo Rd 27, Las Vegas2 beds, 2 full, 1 part baths
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$59,500 : 1303 Darlene Wy 203, Boulder City2 beds, 1 full, 1 part baths
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$49,900 : 5576 W Rochelle Av 42c, Las Vegas2 beds, 2 full baths
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$45,000 : 7200 Pirates Cove Rd 2108, Las Vegas2 beds, 2 full baths
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$39,900 : 1008 Willow Tree Dr B, Las Vegas1 bed, 1 full bath
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$39,950 : 3820 Wiggins Bay St 204, Las Vegas2 beds, 2 full baths
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$24,000 : 3041 Casey Dr 101, Las Vegas1 bed, 1 full bath
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$30,000 : 5325 Duralite St 103, Las Vegas1 bed, 1 full bath
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$99,900 : 270 E Flamingo Rd 116, Las Vegas1 bed, 1 full bath
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$87,000 : 9975 Peace Wy 2015, Las Vegas2 beds, 2 full baths
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$82,000 : 10241 Delray Beach Av 201, Las Vegas2 beds, 2 full, 1 part baths
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$69,900 : 5125 W Reno Av 2076, Las Vegas2 beds, 2 full baths
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$78,000 : 9000 S Las Vegas Bl 2044, Las Vegas2 beds, 2 full baths
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$69,000 : 6160 Rumrill St 134, Las Vegas2 beds, 2 full baths
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$62,900 : 5278 River Glen Dr 412, Las Vegas2 beds, 1 full, 1 part baths
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$60,000 : 6250 W Flamingo Rd 14, Las Vegas2 beds, 2 full baths
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$58,000 : 9325 W Desert Inn Rd 283, Las Vegas2 beds, 2 full baths
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$55,000 : 950 Seven Hills Dr 2122, Henderson1 bed, 1 full bath
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$65,600 : 7660 W Eldorado Ln 102, Las Vegas3 beds, 2 full baths
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$55,000 : 7885 W Flamingo Rd 2104, Las Vegas2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
There's the catch. The financing of these low-priced Las Vegas condos. But a great deal if you have cash.
My recent post Let it Sparkle on Rodeo Drive