Things That Can Make Your Las Vegas Financed Home Purchase “Blow Up” in the Middle of a Transaction: Condo Certifications

Las Vegas Short SalesI 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:

See all Condos.
(all data current as of 11/24/2014)

  1. 2 beds, 1 full, 1 part baths
    Home size: 1,127 sq ft
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  2. 1 bed, 1 full bath
    Home size: 750 sq ft
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  3. 1 bed, 1 full bath
    Home size: 649 sq ft
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  4. 2 beds, 2 full baths
    Home size: 1,025 sq ft
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  5. 1 bed, 1 full bath
    Home size: 671 sq ft
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  6. 2 beds, 2 full baths
    Home size: 1,131 sq ft
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  7. 2 beds, 2 full baths
    Home size: 972 sq ft
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  8. 2 beds, 2 full baths
    Home size: 1,259 sq ft
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  9. 2 beds, 2 full baths
    Home size: 1,108 sq ft
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  10. 2 beds, 1 full bath
    Home size: 827 sq ft
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  11. 2 beds, 1 part bath
    Home size: 1,073 sq ft
    Lot size: 1,073 sqft
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  12. 3 beds, 1 full, 1 part baths
    Home size: 1,224 sq ft
    Lot size: 1,224 sqft
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  13. 2 beds, 2 full baths
    Home size: 882 sq ft
    Lot size: 910 sqft
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  14. 2 beds, 1 full, 1 part baths
    Home size: 945 sq ft
    Lot size: 1,804 sqft
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  15. 1 bed, 1 full bath
    Home size: 863 sq ft
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  16. 3 beds, 2 full baths
    Home size: 1,223 sq ft
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  17. 3 beds, 1 full, 1 part baths
    Home size: 1,196 sq ft
    Lot size: 1,196 sqft
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  18. 2 beds, 1 full, 1 part baths
    Home size: 1,064 sq ft
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  19. 2 beds, 2 full baths
    Home size: 992 sq ft
    Lot size: 2,794 sqft
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  20. 2 beds, 2 full baths
    Home size: 996 sq ft
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  21. 2 beds, 2 full baths
    Home size: 934 sq ft
    Lot size: 934 sqft
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  22. 2 beds, 2 full baths
    Home size: 1,410 sq ft
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  23. 2 beds, 2 full baths
    Home size: 1,136 sq ft
    Lot size: 3,025 sqft
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  24. 3 beds, 1 full, 2 part baths
    Home size: 1,412 sq ft
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  25. 2 beds, 1 full, 1 part baths
    Home size: 1,248 sq ft
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  26. 2 beds, 2 full baths
    Home size: 1,179 sq ft
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  27. 2 beds, 2 full baths
    Home size: 962 sq ft
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  28. 2 beds, 2 full baths
    Home size: 1,190 sq ft
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  29. 2 beds, 2 full baths
    Home size: 1,294 sq ft
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  30. 2 beds, 2 full baths
    Home size: 976 sq ft
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  31. 3 beds, 1 full, 1 part baths
    Home size: 1,125 sq ft
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  32. 1 bed, 1 full bath
    Home size: 711 sq ft
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  33. 1 bed, 1 full bath
    Home size: 806 sq ft
    Lot size: 880 sqft
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  34. 2 beds, 2 full baths
    Home size: 1,136 sq ft
    Lot size: 3,025 sqft
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  35. 2 beds, 2 full baths
    Home size: 929 sq ft
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  36. 3 beds, 2 full baths
    Home size: 1,412 sq ft
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  37. 1 bed, 1 full bath
    Home size: 660 sq ft
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  38. 2 beds, 2 full baths
    Home size: 974 sq ft
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  39. 2 beds, 2 full baths
    Home size: 1,162 sq ft
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  40. 2 beds, 2 full baths
    Home size: 1,073 sq ft
    Lot size: 1,260 sqft
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  41. 2 beds, 2 full baths
    Home size: 1,196 sq ft
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  42. 2 beds, 2 full baths
    Home size: 1,136 sq ft
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  43. 2 beds, 2 full baths
    Home size: 980 sq ft
    Lot size: 2,162 sqft
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  44. 2 beds, 1 full, 1 part baths
    Home size: 1,053 sq ft
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  45. 2 beds, 1 full, 1 part baths
    Home size: 944 sq ft
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  46. 3 beds, 2 full baths
    Home size: 1,176 sq ft
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  47. 2 beds, 1 full bath
    Home size: 2,181 sq ft
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  48. 2 beds, 2 full baths
    Home size: 1,020 sq ft
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  49. 2 beds, 1 full bath
    Home size: 816 sq ft
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  50. 2 beds, 2 full baths
    Home size: 1,094 sq ft
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Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Real Estate Agent in the Las Vegas - Henderson Area. Affiliated with: NAR, NVAR, GLVAR (Local Realtor Associations), REBAC (Real Estate Buyer's Agency Council), NABPOP (National Association of Broker Price Opinion Professionals) Seven Designations/Certifications: REALTOR®, ABR (Accredited Buyer's Representative), AHWD (at Home With Diversity), RSPS (Resort & Second Property Specialist), SFR (Short Sale/Foreclosure Resource), SRES (Senior Real Estate Specialist), SRS (Seller Representative Specialist).
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