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Updated about 4 years ago on . Most recent reply
Any Success with VA Loan for SFR in Burbank
Has anyone had success using a VA loan for house (3bd/2 bath, <1M) in Burbank recently?
I have talked to several brokers who have told me that it is rare but possible...
Trying to weigh the benefit of refinancing primary residence out of VA loan into conventional to restore VA entitlement for a purchase this summer.
Advice has been to offer conventional loan with 15% down, then try to switch to VA loan with 10% down to have more cash for renovations- does this sound feasible?
Most Popular Reply
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
I got my VA loan client into a house hack last year in San Fernando. There are a couple of factors to consider:
-Do you have to be in Burbank? Burbank is extremely competitive, especially at this price point.
-What factors are you considering in your home search? You can get creative. My VA loan client got below list price when he bought.