VA Loan, Building is FHA Approved - Will it Fly (financing, property)

[RichardVS]

We are negotiating a contract on our condo and the Buyer will use a VA loan. We are told that our condo building (but not necessarily our condo) is FHA approved but not VA approved. His lender is telling us that there is a "streamlined" process whereby the VA will therefore automatically approve the building and the buyer will get his VA financing. Has anyone got any experience with this?

[Houston3]

I've had two VA loans and they do their own thing their way.. It's not bad tho... They seem to look out for the Vet...If there are any problems with property they will not approve the loan. At least that's the way they worked when I got my VA loans in the past.

"VA will therefore automatically approve the building" SEE ABOVE..