Long Beach VA Condo Loans - VA Loans to buy or refinance Condo's and Condominiums in Long Beach
VanDyk Mortgage is a VA Lender offering VA Loans to purchase or refinance Condominiums. 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.
In comes the VA to the rescue for Long Beach Condo Buyers and Condo homeowners. To qualify for a VanDyk VA Condo Loan, the condo must be on the VA Approved Condo list, 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 $484,350 and we also offer VA Jumbo Loans for Long Beach VA Approved Condo's up to $726k with no down payment requirement. This includes Purchase, Refinance, and the popular VA IRRRL, or VA Streamline Refinance.
For a Long Beach VA Condo purchase or refinance with a loan amount that exceeds the Los Angeles County VA Loan limit of $726,525, 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 $800k Long Beach Home Purchase would only require a $18,369 down payment - 2.296%
- A $900k Long Beach Home Purchase would only require a $43,369 down payment - 4.819%
We make VA Loans up to $1.5M with the corresponding down payment or equity as outlined above. Call for details on your situation.
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, Sacramento.
>>> Get Started Here on your VA Loan Approval