“FHA won’t do a loan simply because one has closed in a particular unit. Now, that said, if the building can meet their spot approval guidelines then we can do an FHA loan.

Another option is to get it VA approved. This takes only 3 business days and we need the condo docs and an attorney opinion letter.

VA and FHA now have reciprocity, so to speak. Thus if we get it VA approved we can turn around and do an FHA loan.

The opinion letter can most easily be generated by the attorney for firm who wrote the condo docs or by the settlement agent handling the transaction.

Patrick A. Collins
Vice President
703-564-1756 Phone
703-564-1786 Fax
703-282-5982 Mobile
pcollins@firstsavings.com

Apply online at www.PatrickACollins.net“