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 9/1/2014)

  1. 0 beds, 1 full bath
    Home size: 400 sq ft
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  2. 3 beds, 2 full baths
    Home size: 1,454 sq ft
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  3. 2 beds, 1 full, 1 part baths
    Home size: 1,019 sq ft
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  4. 3 beds, 3 full, 3 part baths
    Home size: 1,196 sq ft
    Lot size: 3,136 sqft
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  5. 2 beds, 2 full baths
    Home size: 1,342 sq ft
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  6. 2 beds, 1 full bath
    Home size: 816 sq ft
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  7. 2 beds, 2 full baths
    Home size: 938 sq ft
    Lot size: 938 sqft
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  8. 2 beds, 2 full baths
    Home size: 1,136 sq ft
    Lot size: 1,136 sqft
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  9. 2 beds, 2 full baths
    Home size: 1,248 sq ft
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  10. 2 beds, 2 full baths
    Home size: 1,146 sq ft
    Lot size: 2,178 sqft
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  11. 2 beds, 2 full baths
    Home size: 1,002 sq ft
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  12. 2 beds, 2 full baths
    Home size: 1,064 sq ft
    Lot size: 1,239 sqft
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  13. 1 bed, 1 full bath
    Home size: 711 sq ft
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  14. 2 beds, 2 full baths
    Home size: 895 sq ft
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  15. 1 bed, 1 full bath
    Home size: 593 sq ft
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  16. 3 beds, 1 full, 2 part baths
    Home size: 1,114 sq ft
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  17. 2 beds, 2 full baths
    Home size: 1,015 sq ft
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  18. 2 beds, 2 full baths
    Home size: 1,005 sq ft
    Lot size: 1,005 sqft
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  19. 1 bed, 1 full, 1 part baths
    Home size: 862 sq ft
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  20. 2 beds, 2 full baths
    Home size: 1,056 sq ft
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  21. 1 bed, 1 full bath
    Home size: 774 sq ft
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  22. 2 beds, 1 full bath
    Home size: 929 sq ft
    Lot size: 21,780 sqft
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  23. 2 beds, 2 full baths
    Home size: 1,136 sq ft
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  24. 2 beds, 2 full baths
    Home size: 1,106 sq ft
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  25. 3 beds, 2 full, 1 part baths
    Home size: 1,856 sq ft
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  26. 2 beds, 2 full baths
    Home size: 1,236 sq ft
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  27. 1 bed, 1 full bath
    Home size: 700 sq ft
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  28. 2 beds, 2 full baths
    Home size: 921 sq ft
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  29. 2 beds, 2 full baths
    Home size: 921 sq ft
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  30. 3 beds, 2 full, 1 part baths
    Home size: 1,213 sq ft
    Lot size: 3,378 sqft
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  31. 2 beds, 2 full baths
    Home size: 1,024 sq ft
    Lot size: 1,024 sqft
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  32. 2 beds, 1 full, 1 part baths
    Home size: 1,164 sq ft
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  33. 2 beds, 2 full baths
    Home size: 1,128 sq ft
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  34. 3 beds, 2 full baths
    Home size: 1,223 sq ft
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  35. 3 beds, 2 full baths
    Home size: 1,509 sq ft
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  36. 1 bed, 1 full bath
    Home size: 695 sq ft
    Lot size: 4,000 sqft
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  37. 3 beds, 2 full, 1 part baths
    Home size: 1,367 sq ft
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  38. 2 beds, 2 full baths
    Home size: 876 sq ft
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  39. 1 bed, 1 full bath
    Home size: 707 sq ft
    Lot size: 1,798 sqft
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  40. 3 beds, 2 full baths
    Home size: 1,200 sq ft
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  41. 2 beds, 2 full baths
    Home size: 996 sq ft
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  42. 1 bed, 1 full bath
    Home size: 700 sq ft
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  43. 2 beds, 2 full baths
    Home size: 884 sq ft
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  44. 2 beds, 2 full baths
    Home size: 1,128 sq ft
    Lot size: 1,128 sqft
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  45. 2 beds, 2 full baths
    Home size: 965 sq ft
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  46. 3 beds, 2 full baths
    Home size: 1,549 sq ft
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  47. 2 beds, 2 full baths
    Home size: 912 sq ft
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  48. 2 beds, 1 full, 1 part baths
    Home size: 1,092 sq ft
    Lot size: 546 sqft
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  49. 2 beds, 2 full baths
    Home size: 1,269 sq ft
    Lot size: 1,459 sqft
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  50. 2 beds, 2 full baths
    Home size: 1,126 sq ft
    Lot size: 2,970 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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