Bellevue VA Condo Loans -VA Loans to buy or refinance Condo's and Condominiums in Bellevue
VanDyk Mortgage is a VA Lender offering VA Loans to purchase or refinance Condominiums in Bellevue. The tightening credit market of the past couple years has made it more difficult to attain financing on on Condominiums as Conventional Agencies Fannie Mae & Freddie Mac have added many restrictions on Condos, both in the way of reduced eligibility and also increased rates for Condo's. FHA also recently changed it's rules for Condominium eligibility as well, making it even harder for Sellers and Listing Agents to sell Condo's.
The 2018 VA Loan Limit for Bellevue is now $667,000. You can purchase a home with your VA Benefit up to this amount with no down payment required.
In comes the VA to the rescue for Bellevue Condo Buyers and Condo homeowners in Bellevue. To qualify for a VA Loan on a Condo, the condo must be on the VA Approved Condo list for Bellevue Condos, which includes many existing complexes. You can search for VA Approved Condos yourself, or let us assist you,we are here to help.
VanDyk Mortgage offers VA financing on Condos with VA Loans up to $453,100 and we also offer VA Jumbo Loans for Condo's (up to the King County VA Loan Limits). Bellevue VA Condo's require no down payment up to $667,000. This includes Purchase, Refinance, and the popular VA IRRRL, or VA Streamline Refinance.
Bellevue VA Condo's require zero down payment up to $667,000.
For a Bellevue VA Condo purchase or refinance above the King County VA Loan limit of $667,000, the Veteran must make an accompanying down payment of 25% of the difference between the loan limit (assuming full entitlement eligibility for the Veteran). Here are a couple of examples:
- A $667K Bellevue VA Home Purchase would require zero down payment
- A $767,000 Bellevue VA Home Purchase would only require a $25K down payment - 3.3%
- A $1.2M Bellevue VA Home Purchase would require $133,250 - 11.11%
We offer VA Loans for Condo's throughout California & Washington state. VA Loans for Condo's in cities such as Bellevue, Fremont, Long Beach, Los Angeles, Monterrey, Oakland, Oceanside, Riverside, San Diego, San Francisco, San Jose, Santa Clara, Santa Monica, Seattle, Tacoma, Torrance, Ventura.
>>> Get Started Here on your VA Loan Approval