Question 1

Can I use a VA loan for a second home in Tahoe?

Accepted Answer

No. VA loans require you to occupy the property as your primary residence within 60 days of closing. Second homes need conventional financing.

Question 2

Do VA loans work for condos in South Lake Tahoe?

Accepted Answer

Yes, if the complex is on the VA's approved condo list. Many Tahoe HOAs aren't approved, which limits inventory. Check approval before making an offer.

Question 3

What's the VA loan limit in South Lake Tahoe?

Accepted Answer

No limit exists for veterans with full entitlement. You can finance any amount you qualify for based on income and debt ratios.

Question 4

Can I waive the VA appraisal to compete with cash buyers?

Accepted Answer

No. VA requires an appraisal for every purchase loan. It protects you from overpaying and ensures the property meets minimum standards.

Question 5

Do sellers pay closing costs on VA loans?

Accepted Answer

Sellers can pay up to 4% of the purchase price toward your closing costs. This is negotiable and common in balanced or buyer markets.

Question 6

How long does a VA loan take to close in South Lake Tahoe?

Accepted Answer

Expect 30-45 days. Winter closings run longer due to appraisal access and weather delays. Summer deals close faster with better property access.

VA Loans in South Lake Tahoe — Zero Down on Mountain Properties