The VA condo approval allows VA Mortgages to be made available on condominiums.
VA loans are not available on associations without the VA condo approval. The VA Approval is a separate approval that and is only needed one time. With a VA condo approval your association offers any veteran a purchase or refinance loan.
Of note, the VA Approval signals to the market the HOA offers more mortgage offerings and realtors will respond positively.
The VA Approval is similar to the HUD condo approval, but is independent.