When Kendall’s client originally came to her wanting to buy a gulf front condo using a VA loan, my first thought was: “Can you buy a gulf front condo using a VA loan?” Up to that point, Kendall had never been approached by a VA condo buyer in nearly 11 years of experience in the real estate business. So, she started to dig deep and research all the loan programs offered by our local Baldwin County mortgage lenders.
In the process, Kendall remembered a recent conversation she had with Craig Anderton with Bank of England – Mortgage Division in Daphne, Alabama. Craig’s company is known for thinking outside of the box on loan programs and buyer viability. After reviewing the file, Craig approved Kendal’s condo buyer to exercise his VA loan option for the purchase of a condo!
Below is a list of Alabama Gulf Coast condos that are approved for VA financing due to the fact that the complexes are at least 50% of the units are owner occupied:
- Back Bay condominium
- Jubilee Landing
- Phoenix all suites hotel
- Phoenix all suites hotel west
- Phoenix east
- Phoenix II
- Phoenix III
- Phoenix IV
- Phoenix IX
- Rookery III
- Sailboat Bay
- Phoenix on the Bay
This link will also provide you with the 5 step process to successfully purchasing a condo with VA mortgage financing. Tour VA Loan Approved Condos with Kendall Walhert with Jason Will Real Estate 251-866-6464.
