Updated over 2 years ago on . Most recent reply
House hack with the Va loan
Hey everyone, I have a question. I am a veteran and I want to use my VA loan to house hack with 0% down. Has anyone here ever done something like this before? If so, could you please share your story and explain how you made it work in the comments below?
Most Popular Reply
The house hacking strategy is the absolute best way to get started and comes with much lower risk levels than other strategies. If you consider that even if you don't manage to get a deal that. eliminates your housing expenses, you can most likely find a deal that puts your living expenses lower than even renting a cheap apartment. Like @Sean McDowell said, the sooner, the better to get started and build that equity.
Using the VA loan to buy a house hack works pretty much the same way a typical VA loan purchase on a single-family home does. You can get up to 4 units with the VA loan as long as you are occupying one of the units. I suggest you find yourself a great agent who understands house hacking and VA loans and get a good lender. Then, depending on your market, I would try and get as many units as possible up to 4. Then, after a year or 2 of living in the property, I would try and go do it again. Feel free to reach out if you have any questions or need recommendations on lenders or agents!