Question 1

Can I use a VA loan to buy a condo in Mammoth Lakes?

Accepted Answer

Yes, but the condo project must be on the VA-approved list. Not all Mammoth condo complexes qualify — check before you make an offer.

Question 2

Does VA allow vacation or investment properties?

Accepted Answer

No. VA loans require owner-occupancy as your primary residence. A Mammoth ski cabin you rent out won't qualify.

Question 3

What is the VA funding fee and who pays it?

Accepted Answer

It's a one-time fee ranging from 1.25% to 3.3% of the loan. Veterans with service-connected disabilities are typically exempt.

Question 4

Are VA appraisals stricter than conventional in resort areas?

Accepted Answer

VA appraisers follow MPR (Minimum Property Requirements) guidelines. In thin markets like Mammoth, finding solid comps is the bigger challenge.

Question 5

Is there a VA loan limit in Mono County?

Accepted Answer

Veterans with full entitlement have no VA loan limit. If you have partial entitlement, county limits apply — confirm your COE status first.

Question 6

How long does VA loan approval take in Mammoth Lakes?

Accepted Answer

Appraisal scheduling in remote areas can add time. Budget 30–45 days and choose a lender experienced with VA in rural California markets.

VA Loans in Mammoth Lakes — Zero Down for Veterans