Question 1

Can I use a VA loan on homes above the county limit in Burlingame?

Accepted Answer

Yes, VA jumbo loans cover any price with zero down. You just need strong income to support the payment and pass VA underwriting standards.

Question 2

Does the VA funding fee increase my monthly payment?

Accepted Answer

The fee rolls into your loan amount, raising payments slightly. First-time VA users pay 2.3% funding fee, which adds about $200 monthly per million borrowed.

Question 3

What if the Burlingame home I want needs repairs?

Accepted Answer

Minor cosmetic issues pass VA appraisals. Safety hazards, roof problems, or foundation issues must be fixed before closing or the deal falls apart.

Question 4

Can I rent out a Burlingame property bought with a VA loan?

Accepted Answer

You must occupy it as your primary residence for at least 12 months. After that, you can convert it to a rental and use your VA benefit again.

Question 5

How long does VA loan approval take in San Mateo County?

Accepted Answer

Certificate of eligibility takes 2-5 business days online. Full underwriting clears in 20-30 days if your financials are organized and the appraisal comes back clean.

VA Loans in Burlingame: Zero Down on Peninsula Real Estate