Question 1

Can I use a VA loan on a San Clemente condo?

Accepted Answer

Yes, if the complex is VA-approved or qualifies for spot approval. We verify approval status before you write an offer to avoid delays.

Question 2

What's the VA loan limit in San Clemente for 2024?

Accepted Answer

The conforming limit is $766,550 with zero down. Above that requires 25% down on the excess amount for VA jumbo financing.

Question 3

Do San Clemente sellers accept VA offers?

Accepted Answer

Most do, especially near Camp Pendleton where agents understand VA financing. We educate listing agents to address appraisal concerns upfront.

Question 4

Can I waive the VA appraisal contingency to compete?

Accepted Answer

The VA requires an appraisal, but you can agree to cover gaps in cash. We help structure offers that protect you while staying competitive.

Question 5

How long does VA approval take in San Clemente?

Accepted Answer

Standard purchases close in 25-35 days. Condos needing VA approval or properties requiring extra inspections add 2-3 weeks.

Question 6

What credit score do I need for a VA loan here?

Accepted Answer

Most lenders want 580-620 minimum. We access lenders who go lower with strong residual income or compensating factors.

VA Loans in San Clemente: Zero Down on Coastal Orange County Real Estate