Buying a Downtown Los Angeles Condo or Loft with a VA Loan
Are you a member of the Military looking to buy in Downtown Los Angeles? If yes you may be happy to hear you can apply your VA loan benefits to a Downtown Los Angeles Condo or Loft as long as the property meets certain criteria.
That means you can still get the benefits of a less vigorous application process that will have you owning a Downtown Los Angeles Condo or Loft with $0 down and lower monthly payments.
What Qualifies a Downtown Los Angeles Condo or Loft For a VA Loan?
Basic qualifications include:
- Fifty percent or more of the building units must be owner-occupied
- No more than 15 percent of owners can be behind in Homeowners Association (HOA) fees
- If condos are to be newly constructed, 75 percent of the units must be sold prior to allowing VA loans
List of Downtown Los Angeles VA Approved Buildings
If you are considering buying, selling or renting and would like a private consultation, please contact me at 213-808-4324
Downtown LA Loft Specialist
Call or Text 213-808-4324
davidh@aaroe.com