Question 1

Can I use a VA loan on a fixer-upper in Reedley?

Accepted Answer

Only if it's move-in ready. VA requires homes to meet minimum property standards at closing, so major repairs must finish before you buy or you need a renovation loan.

Question 2

Do I pay the VA funding fee upfront?

Accepted Answer

Most borrowers roll it into the loan amount. You can pay cash at closing, but financing it preserves liquidity without affecting your interest rate.

Question 3

What if the home appraises low?

Accepted Answer

You can pay the difference in cash, renegotiate the price, or walk away with your earnest money if you have an appraisal contingency. VA won't lend above appraised value.

Question 4

Can I buy a manufactured home with VA in Reedley?

Accepted Answer

Yes, if it's on a permanent foundation and titled as real property. The land must be part of the purchase, not a separate lease arrangement.

Question 5

How much are closing costs on a VA loan here?

Accepted Answer

Expect 2-3% of the loan amount. Lender fees, title, escrow, and prepaid property taxes make up most of it, but sellers often cover a large portion.

Question 6

Does VA require homeowners insurance in Reedley?

Accepted Answer

Yes, and flood insurance if you're in a FEMA zone. Some rural Reedley areas have higher fire risk, which can increase premiums but doesn't block approval.

VA Loans in Reedley: Zero Down for Veterans in Fresno County