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Can I do a VA streamline refinance on an investment property?

by FPavil_341_569 from Bethlehem, Pennsylvania. Sep 14th 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Yes and No... You cannot use your VA benefits to PURCHASE an investment property, however if you purchased a home using VA benefits as your primary and you moved, and now wish to refinance that property that is now rented, VA will allow it... the trick is finding the lender that will allow it.. Keep in mind that VA only guarantees loans, they do not lend money.. Often times the lenders will have additional guidelines above and beyond what VA will allow.. If you do find a VA lender in PA who will allow a VA IRRRL on an investment, expect to pay a higher rate and added fees above what you would have paid for a owner occupied refinance... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Sep 14th 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

It depends, did you purchase it as a primary and then move out at a later time?

Sep 14th 2012
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

If you originally bought the home using a VA loan - but now the property has been converted to an investment property, YES, you can do a VA streamline refinance on that home. va-irrrl-loan-mn.com

Sep 17th 2012
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