Question 1

Can I use a VA loan on a Long Beach condo?

Accepted Answer

Yes, if the building is VA-approved or you get individual condo approval. Many Long Beach complexes already have approval, but check before making an offer.

Question 2

How much is the VA funding fee in California?

Accepted Answer

First-time use is 2.3% of the loan amount. Subsequent use is 3.6%. Disabled veterans and some surviving spouses pay zero.

Question 3

Do VA loans work for homes above the old conforming limit?

Accepted Answer

Yes. VA removed loan limits in 2020 for most borrowers. You can finance any amount with zero down if you have full entitlement.

Question 4

Why do some Long Beach sellers reject VA offers?

Accepted Answer

They fear stricter appraisals or required repairs. A strong pre-approval and experienced broker solve this by explaining VA deals close just as reliably.

Question 5

Can I use a VA loan for a Long Beach investment property?

Accepted Answer

No. VA loans require you to live in the home as your primary residence. You can rent it out later after living there first.

Question 6

What credit score do I need for a VA loan in Long Beach?

Accepted Answer

Most lenders want 620 minimum. Some go lower with compensating factors, but 640+ gets you the best rates and terms.

VA Loans in Long Beach: Zero Down for Veterans in a $900K+ Market