VA mortgages allow veterans, active duty service members and their surviving spouses to obtain investment property loans with no money down and low mortgages rates. As with FHA loans, the only requirement is that the borrower live in one of the building’s units (in this case, for at least one year).
That definition of residential property means that qualified veterans can get a VA loan -with nothing down – to buy a multiples of up to four unites as long as one of the units becomes a primary residence. The property could even include a business, as long as the borrower commits to living on one of the units while renting the others out.
You cannot use a VA mortgage loan to buy a vacation home, second home, or investment property. However, if you move into a new home, but intend to keep your VA mortgage loan-purchased property as a.
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While the VA loan program was not meant to be used for investment properties, it can be used for that purpose as long as you have an understanding of all the rules. The VA loan allows you to purchase duplexes, tri-plexes, and four-plexes. You still have to intend on living in one of the units, but are allowed to rent the others out.
“Whereas a conventional loan can be used to purchase a primary [home], you can use it to purchase a second home – maybe a vacation home – or you can also use it to purchase an investment property, a.
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Using Your VA loan to Invest in real estate -LewisHelpsSitdow- – Duration: 10. Low VA Rates 6,732 views. 12:21. How Veterans can leverage the VA loan to buy investment properties – Duration: 9:30.
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