I recently financed a client who was purchasing a condo in Sun Prairie, Wisconsin. Although I had already gone through the process of getting the complex VA Approved with another client, this particular unit was considered new construction as it had never been occupied.
The underwriter for this file required I obtain a “VA Builder ID number” which the builder did not have. I have attached the documents required to approve any builder through VA. I hope this is useful to anyone that comes across this situation.
All properties designated as “new,” “proposed,” or “under” construction (not just condos) must have a valid builder identification number on file with the VA.
You can check to see if you are already a VA Approved Builder by searching here:
If you are not yet approved, you will need to complete the following 3 documents. Once the forms have been completed, fax all documents to the St. Paul Construction and Valuation Department for review. Their fax number is (612) 970-5499. The turnaround time for processing is approximately two days. If you are not a builder from Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota or Wisconsin you will have to contact the Construction and Valuation unit of the local VA Regional Loan Center from your area and ask for their fax number.
In addition, you must complete, on your own letterhead, the certifications found on the following form:
All condominium projects must be approved by VA. For VA condominium approval information, please contact me. The condopudbuilder website (above) can also be accessed for verification of condominium projects previously approved or accepted for VA home loan purposes. The VA does not perform or accept “spot approvals” in condominium projects.