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 12/22/2014)

  1. 2 beds, 1 full, 1 part baths
    Home size: 1,053 sq ft
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  2. 2 beds, 2 full baths
    Home size: 1,179 sq ft
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  3. 2 beds, 2 full baths
    Home size: 940 sq ft
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  4. 1 bed, 1 full bath
    Home size: 730 sq ft
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  5. 2 beds, 2 full baths
    Home size: 896 sq ft
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  6. 1 bed, 1 full bath
    Home size: 891 sq ft
    Lot size: 936 sqft
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  7. 2 beds, 2 full, 1 part baths
    Home size: 2,298 sq ft
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  8. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 1,004 sqft
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  9. 2 beds, 2 full baths
    Home size: 876 sq ft
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  10. 1 bed, 1 full bath
    Home size: 777 sq ft
    Lot size: 1,801 sqft
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  11. 1 bed, 1 full bath
    Home size: 793 sq ft
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  12. 3 beds, 2 full baths
    Home size: 1,183 sq ft
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  13. 2 beds, 2 full baths
    Home size: 987 sq ft
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  14. 2 beds, 2 full baths
    Home size: 1,104 sq ft
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  15. 2 beds, 2 full baths
    Home size: 1,279 sq ft
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  16. 3 beds, 1 full, 1 part baths
    Home size: 1,190 sq ft
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  17. 3 beds, 2 full baths
    Home size: 1,175 sq ft
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  18. 2 beds, 2 full baths
    Home size: 1,072 sq ft
    Lot size: 3,561 sqft
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  19. 2 beds, 2 full baths
    Home size: 960 sq ft
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  20. 2 beds, 2 full baths
    Home size: 1,168 sq ft
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  21. 2 beds, 2 full baths
    Home size: 1,056 sq ft
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  22. 2 beds, 2 full baths
    Home size: 1,155 sq ft
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  23. 2 beds, 2 full baths
    Home size: 1,155 sq ft
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  24. 1 bed, 1 full bath
    Home size: 724 sq ft
    Lot size: 724 sqft
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  25. 1 bed, 1 full bath
    Home size: 612 sq ft
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  26. 2 beds, 1 full, 1 part baths
    Home size: 1,053 sq ft
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  27. 3 beds, 2 full, 1 part baths
    Home size: 1,584 sq ft
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  28. 2 beds, 2 full baths
    Home size: 1,172 sq ft
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  29. 2 beds, 1 full bath
    Home size: 800 sq ft
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  30. 2 beds, 1 full, 1 part baths
    Home size: 1,073 sq ft
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  31. 3 beds, 2 full baths
    Home size: 1,237 sq ft
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  32. 3 beds, 2 full, 1 part baths
    Home size: 1,492 sq ft
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  33. 2 beds, 2 full baths
    Home size: 998 sq ft
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  34. 1 bed, 1 full bath
    Home size: 560 sq ft
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  35. 2 beds, 1 full, 1 part baths
    Home size: 1,070 sq ft
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  36. 3 beds, 2 full baths
    Home size: 1,465 sq ft
    Lot size: 8,000 sqft
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  37. 3 beds, 2 full baths
    Home size: 1,344 sq ft
    Lot size: 3,280 sqft
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  38. 2 beds, 2 full baths
    Home size: 1,023 sq ft
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  39. 2 beds, 2 full baths
    Home size: 1,091 sq ft
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  40. 2 beds, 2 full baths
    Home size: 996 sq ft
    Lot size: 996 sqft
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  41. 2 beds, 2 full baths
    Home size: 1,472 sq ft
    Lot size: 1,472 sqft
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  42. 2 beds, 2 full baths
    Home size: 1,220 sq ft
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  43. 2 beds, 2 full baths
    Home size: 1,008 sq ft
    Lot size: 2,162 sqft
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  44. 2 beds, 2 full baths
    Home size: 995 sq ft
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  45. 2 beds, 2 full baths
    Home size: 987 sq ft
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  46. 2 beds, 2 full baths
    Home size: 1,156 sq ft
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  47. 2 beds, 2 full baths
    Home size: 1,204 sq ft
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  48. 1 bed, 1 full, 1 part baths
    Home size: 630 sq ft
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  49. 2 beds, 2 full baths
    Home size: 928 sq ft
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  50. 2 beds, 2 full baths
    Home size: 1,069 sq ft
    Lot size: 1,306 sqft
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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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