Question 1

Can I use a VA loan for homes over $2 million in Orinda?

Accepted Answer

Yes, but you'll need 25% down on the amount above $2.5M. For a $2.8M home, you'd put down $75K and finance $2.5M with zero down on that portion.

Question 2

Do VA loans work on Orinda condos?

Accepted Answer

Only if the HOA is VA-approved. Most Orinda condos aren't on the VA list, so we check approval status before you make an offer.

Question 3

How long does VA loan approval take in Orinda?

Accepted Answer

Plan 30-40 days from application to closing. VA appraisals add a week compared to conventional loans in this market.

Question 4

What credit score do I really need for a VA jumbo loan?

Accepted Answer

Most of our lenders want 620+ for loans over $1M. We've closed deals at 600, but your rate improves significantly above 660.

Question 5

Can I waive appraisal contingency with a VA loan?

Accepted Answer

Technically yes, but VA appraisals are mandatory and take longer. Sellers prefer offers that account for this timeline realistically.

VA Loans in Orinda: Zero Down on a $1M+ Home