Question 1

What does VA condo approval mean?

Accepted Answer

VA condo approval means the Department of Veterans Affairs has reviewed a condominium project's legal documents, financials, and HOA governance and determined it meets VA lending standards. Without this approval, VA-eligible buyers cannot use their VA loan benefit to purchase a unit in that project.

Question 2

What is the difference between Accepted Without Conditions and Accepted With Conditions?

Accepted Answer

Accepted Without Conditions means the project fully meets all VA requirements with no additional stipulations. Accepted With Conditions means the project is approved but the VA identified items to be noted. Both statuses allow VA financing. In practice, there is almost never anything that needs to be resolved — the lender may simply require the Veteran to acknowledge and accept the noted conditions, which are informational in nature.

Question 3

What if the condo I want is not on the VA-approved list?

Accepted Answer

Your lender can submit the full project approval package to the Regional VA Loan Center as part of your purchase transaction — this is called Lender Submitted Condo Approval and typically takes 2–3 weeks, well within a standard 45-day contract. Alternatively, the HOA board or seller can submit a full project approval application directly to the VA, which approves the entire building for all future VA buyers.

Question 4

Can I use a VA loan for a Waikiki condotel?

Accepted Answer

Generally no. The VA does not approve projects that operate primarily as hotels or where units are part of a mandatory rental pool. Some Waikiki buildings that are primarily residential (not hotel-operated) are VA-approved — check the directory to verify.

Question 5

How many VA-approved condos are on Oahu?

Accepted Answer

As of June 2026, there are 1,745 VA-approved condo projects on Oahu — 1,498 Accepted Without Conditions and 247 Accepted With Conditions — spread across 27 neighborhoods from Waikiki to Ewa Beach.

VA-Approved Condos on Oahu — 1,745 Projects

Approval Status Breakdown

Frequently Asked Questions