He was the son of Reinoud II van Brederode and Yolanda de Lalaing.
Just like his father Reinoud II and his uncle Gijsbrecht van Brederode, he was captured by Bishop David of Burgundy in 1470, but he managed to escape with some assistance and fled to Castle Batenstein.
After the death of Maximilian, Walraven searched for a way to reinstate the rule of the Hook faction, which would lead to a new war.
After several years, Walraven defected to the opposing faction, which would prove to be a good decision.
Walraven married firstly with the non-noble Geertruida van Alphen, and had several bastard children with her, who would later make claims to the lordship of Brederode.