Oakland VA Condo Loans -VA Loans to buy or refinance Condo's and  Condominiums in Oakland

VanDyk Mortgage is a VA Lender offering VA Loans to purchase or refinance Condominiums in Oakland.   The tightening credit market of the past couple years has made it more difficult to attain financing on on Condominiums as Conventional Agencies Fannie Mae & Freddie Mac have added many restrictions on Condos, both in the way of reduced eligibility and also increased rates for Condo's.   FHA also recently changed it's rules for Condominium eligibility as well, making it even harder for Sellers and Listing Agents to sell Condo's.  

In comes the VA to the rescue for Oakland Condo Buyers and Condo homeowners.   To qualify for a VanDyk VA Condo Loan, the condo must be on the VA Approved Condo list, which includes many existing complexes.   You can search for VA Approved Condos yourself, or let us assist you,we are here to help. 

VanDyk Mortgage offers VA financing on Condos with VA Loans up to $417,000 and we also offer VA Jumbo Loans for Condo's up to $625,500 with no downpayment required   (up to the County VA Loan Limits).   VA Jumbo Loans are available up to $625,500 with zero downpayment required in Oakland.   This includes Purchase, Refinance, and the popular VA IRRRL, or VA Streamline Refinance.

VA Jumbo Loans are available up to $625,500 with zero downpayment required in Oakland.  

For a Oakland VA Condo purchase or refinance above the 2012 Oakland VA Loan limit of $625,500,   the Veteran must make an accompanying downpayment of 25% of the difference between the loan limit (assuming full entitlement eligibility for the Veteran).   Here are a couple of examples:

• A $725k Oakland Home Purchase would only require $25K downpayment (3.4%) - not including the VA Funding Fee
• A $850k Oakland Home Purchase would only require $56k downpayment (6.6%) - not including the VA Funding Fee

VanDyk does not require the seller to hold the property for 90 days prior to sale like many other lenders.   If the seller of record on the day of the purchase agreement matches, that fits within our rules.   Another name for this is the Flip Rule, or VA Flip Rule, where many banks require a seller to be on Title for 90 days minimum, we only require 1 day.  

We offer VA Loans for Condo's throughout California & Washington state.  VA Loans for Condo's in cities such as Bellevue, Fremont, Long Beach, Los Angeles, Monterrey, Oakland, Oceanside, Riverside, San Diego, San Francisco, San Jose, Santa Clara, Santa Monica, Seattle, Tacoma, Torrance, Ventura, Yakima.