VA Condo Loans
VA Condo Loans -VA Loans for the purchase or refinance Condo’s and Condominiums.
VanDyk Mortgage offers VA Loans for the purchase or refinance of Condominiums. While changes in recent years have made it difficult to purchase condo’s with FHA and Conventional loans, VA allows many benefits and advantages when financing a Condo.
The first step is to determine if the condo unit qualifies for a VanDyk VA Condo Loan. To qualify, the condo must be on the VA Approved Condo list, which includes many existing complexes. You can search at the VA site for VA Approved Condos, or simply call us so we can help research the Condo’s Eligibility for a VA Loan.
VanDyk Mortgage offers VA financing on Condos with VA Loans up to $726,200 and we also offer VA Jumbo Loans for Condos up to $2,000,000 with zero down for Veterans with full VA Entitlement available. This includes Purchase, Refinance, and the popular VA IRRRL, or VA Streamline Refinance.
Veterans with partial VA Entitlement can also qualify up to $2m for VA Jumbo loans on condos when providing a down payment. The Down payment is calculated based on remaining VA Entitlement, county VA Loan Limit and the purchase price of the home.
Note – VA Flip rule: VanDyk does not require the seller to hold the property for 90 days prior to sale like many other lenders. If the seller of record on the day of the purchase agreement matches, that fits within our rules. Another name for this is the Flip Rule, or VA Flip Rule, where many banks require a seller to be on Title for 90 days minimum, we only require 1 day.
We offer VA Loans for Condo’s throughout California& Washington state. Condo’s in cities like San Francisco, Oakland, Fremont, Los Angeles, Long Beach, San Diego, San Jose, Seattle, Tacoma, Bellevue, Oceanside, Santa Monica, and Irvine can qualify for VA Condo Loans.
>>> ask about the Fast Forward VA Loan Approval – get fully Underwritten prior to entering contract – call 866-900-2342 or get started right here >>> Fast Forward VA Loan Approval