Question about VA Loan Acceptance in Los Angeles
Hoping to use a VA loan to purchase a Condo in Summer 2020 in ~700k range with 10% down in The San Fernando Valley.
I am hearing that as competitive as the market is, a VA loan might not be considered. In the price range, do you think it would be feasible? I have good earnest money. Would I need to be proactive and make offers over list?
Not sure if this market will be conducive or not- I have heard that SFR in Porter Ranch area have been accepting almost exclusively cash offers...
Most Popular Reply
@Mitchell W.
Honestly VA loans are very very tough to get accepted. FHA and VA will always be beat by cash and then by conventional. To have a prayer you're going to have to 1) really appeal to the seller, 2) make sure your offer is higher than all the others, by a good margin.