Question 1

Can I use a VA loan for a condo in Diamond Bar?

Accepted Answer

Yes, but the complex needs VA or FHA approval. Single-family homes avoid this requirement and close faster with fewer complications.

Question 2

What's the VA funding fee in California?

Accepted Answer

First-time users pay 2.15% of the loan amount, usually financed in. Disabled veterans and some surviving spouses pay zero funding fee.

Question 3

Do VA loans work above $806,500 in Diamond Bar?

Accepted Answer

Yes, but you enter jumbo VA territory. Expect 680+ credit requirements and fewer lenders willing to quote those deals.

Question 4

How long does VA loan approval take?

Accepted Answer

Figure 30-40 days with a competent lender. COE processing adds 3-7 days if you haven't obtained it yet before applying.

Question 5

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

Accepted Answer

Only if it's livable at closing. VA appraisers require working systems and sound structure. Look at VA renovation loans for properties needing work.

VA Loans in Diamond Bar: Zero Down for Veterans in East LA County