the only investment property you can purchase with a VA loan would be a building up to 4 units, but you must live in one of them. There are no other scenarios where you can purchase a VA loan as an investment property upfront.. You could however purchase a home as your primary residence using VA, and then after the required 1 year of being an owner occupied property, convert it to an investment, and go buy something else.. but, as others here have stated,,, VA is for a primary, principal residence only... 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
No... Unfortunately, VA Mortgages are strictly for Owner Occupied Residences, investment properties are not allowed
No, Investment Properties are not allowed with VA. NYloanman@aol.com Peter Savino www.HOMEMORTGAGEXPERT.com
Must be primary residence
No, VA loans can only be used for the purchase of a primary residence, not for an investment property.
Va entitlements cannot be used for Investment Properties unless you are living in the property which makes it a Primary Residence. The only way this can be done is for you to purchase a Duplex, Triplex, or 4-plex AND You are going to moving into one of the units.
William Acres said it best.
VA loans require Owner Occupancy
It can only be used for the primary residence except if you occupy one of the unites of a 2-4 unit building. I think you should know from what i can tell from your question is there is no limit as to how many times you can use your VA entitlement. You can use your entitlement then sell the home and the entitlement is reinstated and ready to be used another day and you can do this as many times as you want.
VA Mortgages are strictly for Owner Occupied Residences
VA loans are for owner occupied properties only... www.VA-IRRRL-Loan-MN.com
VA only allows purchases of primary residences using VA eligibility. (1 to 4 units) You can however convert it later to an investment property. You can even do a streamline VA refi on an investment property as long as you don't need to obtain an appraisal.
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