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VA Loans in Tiburon
Tiburon's waterfront properties and hillside estates routinely exceed $2 million. VA loans in Marin County cap at $1,149,825 for zero-down financing in 2024.
Most Tiburon buyers using VA benefits need jumbo overlays for amounts above the conforming limit. Rates vary by borrower profile and market conditions.
Condos near downtown and Richardson Bay often fall within VA limits. Single-family homes typically require substantial down payments beyond the guarantee amount.
You need a Certificate of Eligibility from the VA showing service requirements met. Most lenders want 620+ credit, though some approve at 580 with compensating factors.
VA doesn't set minimum credit scores—lenders do. Debt-to-income ratios can stretch to 55% if residual income guidelines are satisfied.
No down payment required up to the county limit. Above that, you cover 25% of the difference between purchase price and VA maximum.
Not every wholesale lender prices Marin VA loans competitively. High property values make some investors skittish about coastal California exposure.
We shop 200+ lenders to find which ones actually want Tiburon VA business. Rate spreads between best and worst can hit 0.75% on jumbo VA deals.
Some lenders waive the VA funding fee for disabled veterans but charge higher rates. Run both scenarios before deciding which saves more money.
Tiburon sellers sometimes resist VA offers thinking appraisals will kill deals. In reality, appraisals here rarely come in low—properties are liquid and well-documented.
The wood-destroying pest inspection requirement trips up buyers on older Tiburon homes. Budget $800-1,500 for inspection plus potential repairs before close.
If you're buying above $1.1M with VA, get pre-approved for both VA jumbo and conventional jumbo. Market shifts can make one significantly cheaper mid-search.
Conventional loans require 20% down to avoid PMI on Tiburon pricing—that's $400K+ on median properties. VA eliminates that cost but adds a funding fee.
VA funding fee runs 2.3% for first-time zero-down use. On a $1.1M loan that's $25,300 financed into the mortgage versus $200K+ down payment for conventional.
Jumbo conventional often beats VA jumbo on rates above $1.5M. The VA advantage shrinks as loan size grows because funding fees compound.
Tiburon has few VA-approved condos due to HOA reserve requirements. Check the VA condo database before making offers—unapproved projects won't qualify.
Belvedere Lagoon properties sometimes have non-warrantable features that disqualify VA financing. Floating homes and houseboat communities don't meet VA property standards.
Proximity to Highway 101 affects nothing for VA approval, but resale liquidity matters. Lenders price Paradise Drive locations differently than hillside Lyford estates.
Marin County transfer taxes run 1.1% in unincorporated areas. Tiburon itself doesn't add city transfer tax, saving $11,000 per million compared to neighboring jurisdictions.
Yes, but you need 25% down on the amount over $1,149,825—about $212,500 cash. The VA guarantees up to the county limit only.
Most do because local appraisals are reliable and financing rarely falls through. Pest inspection requirements sometimes complicate older home deals.
Most lenders want 620 minimum, though VA itself sets no floor. Expect better rates at 680+ on high-balance loans.
Very few qualify due to HOA reserve requirements. Always verify VA approval status before writing an offer on any condo.
Run both scenarios. Conventional jumbo often prices better above $1.5M, but VA saves $360K in down payment upfront.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.