Question 1

Can I use a VA loan to buy a condo in Millbrae?

Accepted Answer

Yes, if the condo complex has current VA approval. Many Millbrae condos qualify, but verify approval status before making an offer since not all associations maintain their certification.

Question 2

Do VA appraisals make offers less competitive in Millbrae?

Accepted Answer

Not necessarily. While VA appraisals include property requirements, experienced agents present VA offers competitively. The key is working with professionals who understand how to address seller concerns upfront.

Question 3

What is the maximum VA loan amount for Millbrae properties?

Accepted Answer

San Mateo County qualifies for high-cost area limits. Veterans with full entitlement can borrow up to the conforming limit without a down payment, though rates vary by borrower profile and market conditions.

Question 4

Can I avoid the VA funding fee in California?

Accepted Answer

Veterans with service-connected disabilities rated 10% or higher receive automatic funding fee waivers. Surviving spouses of veterans who died in service or from service-connected conditions also qualify for the waiver.

Question 5

How quickly can VA loans close in Millbrae's market?

Accepted Answer

Experienced VA lenders regularly close in 21-30 days. The key is complete documentation upfront and working with a lender who understands California's fast-paced markets and can expedite appraisals.

VA Loans in Millbrae: Zero-Down Financing for California Veterans