Uncategorized November 16, 2011

Can you use VA financing for a rental home?

Yes you can…Sometimes!  VA allows us to finance up to 4 units using VA financing as long as the borrower will occupy one unit as a primary residence.  This would apply to duplex, triplex, fourplex.  One parcel, one parcel #.  What about condos? A condominium is an individual property in itself with it’s own parcel #.  Theoretically, a veteran could purchase 1 condominium owner occupied.  All condominiums using VA financing must be prior VA approved.