can multifamily housing qualify for VA?
one unit owner occupied but not the other. however, the couple who'd be renting from me also have military benefits. Is this allowable with VA? by kay.aaron796889 from Reidville, South Carolina. Dec 23rd 2014
Tracey Bartlette (traceybartlette)
#44 ranked lender in South Carolina - 5 contributions
Yes VA allows 2-4 unit properties as long as 1 of the units will be the Verterans primary residence. Hope this helps.
Colby Neal (ScottsdaleInsurance)
#109 ranked lender in Arizona - 71 contributions
Yes. Up to 4 units.
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
As long as you are residing in one of the units, you are allowed to rent out the other remaining units to anyone you want to. They do not need to be VA eligible as they are not borrowers but tenants. For mulit-family dwellings, VA will allow Duplex, Tri-Plex and 4-Plex properties. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions
Sure is possible, let me know if I can help. Just down the road from you in Charleston. I can help: pdumouchel@primelending.com or 843-619-6025 http://pdumouchel.primelending.com **PrimeLending was #4 purchase mortgage lender in the US in 2012 and 2013 as determined by MarketTrac(c) for Jan-Dec 2012 & 2013
Matt Elston (Matt.Elston)
#4 ranked lender in South Carolina - 50 contributions
Yes, AgSouth offers FHA & VA home loans in SC. Call Matt Elston, AgSouth Mortgages, p. 803-328-1827, ext 2306
Ask our community a question.
Get an answer
Related Questions
