Question 1

Can I use a VA loan for a Burbank condo?

Accepted Answer

Yes, but the complex needs VA approval first. We check the approved condo list before you make an offer to avoid delays.

Question 2

Do VA loans take longer to close in Burbank?

Accepted Answer

Not with experienced lenders. We close VA loans in 21-30 days, matching conventional timelines that sellers expect.

Question 3

What if the Burbank home I want exceeds VA loan limits?

Accepted Answer

Los Angeles County VA limit is $1,089,300 for 2024. Above that, you'd need a down payment to cover the difference or consider a jumbo loan.

Question 4

Will Burbank sellers accept VA loan offers?

Accepted Answer

Most do, especially with strong pre-approval and quick closing timeline. Offering appraisal gap coverage helps in multiple-offer situations.

Question 5

Can I buy a fixer-upper in Burbank with a VA loan?

Accepted Answer

Standard VA loans require move-in condition. Consider VA renovation loans if the property needs significant repairs beyond cosmetic updates.

VA Loans in Burbank: Zero Down for Veterans in Media City