VA Condo Loans

VA Loans for Fresno Condos – Purchase and Refinance.  

We offer VA Loans and VA Jumbo Loans for the purchase or refinance of Fresno Condo’s, Townhomes, Row Homes,  and Condominiums.

It has become challenging in the past couple years to purchase condo’s with FHA or Conventional loans. However VA offers Veterans many benefits and advantages when financing a Condo.

Here are some of the benefits of VA Loans for Fresno Condo’s:

  • 100% Financing up to $2.0M for Veterans with full VA entitlement available.
  • 100% VA Jumbo Financing up to $2.0m with VA Jumbo Loans for Vets with full VA entitlement.
  • Veterans with partial VA Entitlement can exceed the Fresno VA loan limit of $726,200 with a down payment or equity – see below for details
  • No PMI, MIP, or Mortgage Insurance required
  • VA and VA Jumbo Loans available for VA Condo purchase and refinance
  • Veterans with a 10% or higher VA Disability are Exempt from the VA Funding Fee
  • VA Loans are more flexible after Bankruptcy, Foreclosure, and Short sale, as little as 2 years out.
  • Our VA Loans after Short Sale require no waiting period if not late on Mortgage at time of Short Sale on Conventional or FHA Loan

The first step is to determine if the condo qualifies for our VA Condo Loan. To qualify, the condo must be on the VA Approved Condo list, which includes many existing complexes. You can search here for VA Approved Condos .  We are also here to help, simply call us so we can help research the Condo’s Eligibility for a VA Loan. We also offer assistance in getting Condo’s Approved for VA Financing, Call for details.

VanDyk Mortgage offers 100% VA financing on Fresno Condos with VA Loans up to $2.0M and we also offer 100% VA Jumbo Loans for Vets with less than full VA Entitlement available up to $2.0m with an appropriate down payment.

We also offer VA Loans over the 2023 Fresno VA Loan Limit, all the way to $2m for qualified Veterans with full VA entitlement with zero down required.  We also offer VA Loans up to $2m for Veterans with partial VA Entitlement with a corresponding down payment or equity to reach the 25% VA guaranty requirement.  We offer VA and VA Jumbo Loans for  Purchase, Refinance, and the popular VA IRRRL, or VA Streamline Refinance.

Note – VA Flip rule:  we do 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 FranciscoOaklandFremont, FresnoLong BeachSan Diego, San Jose, SeattleTacomaBellevueOceanside, Santa Monica, and Irvine can qualify for VA Condo Loans.