Question 1

Can I use a VA loan on a South El Monte condo?

Accepted Answer

Yes, if the complex appears on VA's approved condo list. Most smaller complexes aren't approved—we check eligibility before you waste time touring.

Question 2

Do South El Monte sellers accept VA offers?

Accepted Answer

Most do, especially on homes needing zero repairs. Appraisal concerns make some sellers prefer conventional or cash, but strong offers with quick closings compete fine.

Question 3

What credit score do I actually need for VA approval?

Accepted Answer

620 gets you approved with most lenders. We have VA lenders approving 580+ scores with compensating factors like low DTI or substantial residual income.

Question 4

How long does VA underwriting take in South El Monte?

Accepted Answer

Figure 30-40 days from contract to closing. VA appraisals add 7-10 days versus conventional, and any required repairs extend timelines further.

Question 5

Can I skip the VA funding fee completely?

Accepted Answer

Yes if you receive VA disability compensation at any percentage. Purple Heart recipients also qualify for full waiver regardless of disability rating.

VA Loans in South El Monte: Zero Down for California Veterans