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 9/21/2014)

  1. 3 beds, 2 full baths
    Home size: 1,090 sq ft
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  2. 1 bed, 1 full bath
    Home size: 671 sq ft
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  3. 2 beds, 2 full baths
    Home size: 1,078 sq ft
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  4. 2 beds, 2 full baths
    Home size: 1,155 sq ft
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  5. 2 beds, 1 full, 1 part baths
    Home size: 1,008 sq ft
    Lot size: 1,008 sqft
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  6. 3 beds, 2 full baths
    Home size: 1,265 sq ft
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  7. 2 beds, 2 full baths
    Home size: 982 sq ft
    Lot size: 1,000 sqft
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  8. 2 beds, 2 full baths
    Home size: 1,671 sq ft
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  9. 2 beds, 2 full baths
    Home size: 1,081 sq ft
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  10. 3 beds, 2 full baths
    Home size: 1,228 sq ft
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  11. 2 beds, 2 full baths
    Home size: 1,023 sq ft
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  12. 1 bed, 1 full bath
    Home size: 660 sq ft
    Lot size: 660 sqft
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  13. 2 beds, 2 full baths
    Home size: 969 sq ft
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  14. 3 beds, 1 full, 1 part baths
    Home size: 1,065 sq ft
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  15. 2 beds, 1 full bath
    Home size: 1,112 sq ft
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  16. 2 beds, 2 full baths
    Home size: 1,074 sq ft
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  17. 2 beds, 2 full baths
    Home size: 981 sq ft
    Lot size: 1,936 sqft
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  18. 3 beds, 2 full baths
    Home size: 1,156 sq ft
    Lot size: 1,156 sqft
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  19. 1 bed, 1 full bath
    Home size: 568 sq ft
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  20. 2 beds, 1 full, 1 part baths
    Home size: 1,200 sq ft
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  21. 2 beds, 2 full baths
    Home size: 912 sq ft
    Lot size: 2,728 sqft
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  22. 2 beds, 2 full baths
    Home size: 1,050 sq ft
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  23. 2 beds, 2 full baths
    Home size: 1,177 sq ft
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  24. 2 beds, 2 full baths
    Home size: 935 sq ft
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  25. 2 beds, 2 full baths
    Home size: 1,149 sq ft
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  26. 2 beds, 1 full bath
    Home size: 863 sq ft
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  27. 1 bed, 1 full bath
    Home size: 722 sq ft
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  28. 2 beds, 2 full baths
    Home size: 1,186 sq ft
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  29. 2 beds, 2 full baths
    Home size: 1,196 sq ft
    Lot size: 1,596 sqft
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  30. 2 beds, 1 full, 1 part baths
    Home size: 1,004 sq ft
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  31. 3 beds, 1 full, 1 part baths
    Home size: 1,225 sq ft
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  32. 1 bed, 1 full bath
    Home size: 697 sq ft
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  33. 3 beds, 2 full baths
    Home size: 1,344 sq ft
    Lot size: 3,280 sqft
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  34. 3 beds, 2 full baths
    Home size: 1,130 sq ft
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  35. 2 beds, 2 full baths
    Home size: 981 sq ft
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  36. 2 beds, 2 full baths
    Home size: 1,446 sq ft
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  37. 2 beds, 2 full baths
    Home size: 1,010 sq ft
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  38. 1 bed, 1 full bath
    Home size: 813 sq ft
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  39. 2 beds, 1 full, 1 part baths
    Home size: 640 sq ft
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  40. 2 beds, 1 full bath
    Home size: 806 sq ft
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  41. 2 beds, 2 full baths
    Home size: 1,074 sq ft
    Lot size: 3,280 sqft
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  42. 1 bed, 1 full bath
    Home size: 1,004 sq ft
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  43. 3 beds, 2 full baths
    Home size: 1,237 sq ft
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  44. 2 beds, 2 full baths
    Home size: 1,197 sq ft
    Lot size: 2,680 sqft
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  45. 2 beds, 2 full baths
    Home size: 928 sq ft
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  46. 2 beds, 2 full baths
    Home size: 1,022 sq ft
    Lot size: 3,593 sqft
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  47. 1 bed, 1 full bath
    Home size: 724 sq ft
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  48. 3 beds, 2 full, 1 part baths
    Home size: 1,594 sq ft
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  49. 2 beds, 1 full, 1 part baths
    Home size: 1,035 sq ft
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  50. 3 beds, 2 full baths
    Home size: 1,196 sq ft
    Lot size: 1,196 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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