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Randall George
  • Albuquerque, NM
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VA loan waiver exceptions

Randall George
  • Albuquerque, NM
Posted Aug 4 2015, 03:39

Hello, I recently made an offer on a duplex that I intended to owner-occupy as I would be using a VA loan. I later found out during the middle of the deal that the owner signed a 1 year lease agreement for each of the two units. The question I have is can I still use the VA loan using a waiver saying I will occupy the property within a year. The VA requires occupancy within 60, which is considered to be a reasonable amount of time, but I would be moving in long after this, but within a year. Is this possible under an occupancy waiver?

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