VA Loan occupancy requirements

[Account Closed]

Is anybody familiar with the occupancy requirements associated with VA loans? From my research I've gathered that it has to be a "primary residence" and you must occupy within 60 days of closing (up to 12 months under certain exceptions).

I've heard that if you PCS (transfer to a new duty station) you can take out another VA loan on a new property while maintaining the former as a rental property. Can anybody confirm this? or is the entirety of the VA entitlement "attached" to one property at a time?

[Elizabeth Colegrove]

@Jacob Elbe 

Thank you for the shout out!

Yes we have bought 2 houses with VA loans. You can buy as many houses you want as long as you don't exceed the VA allowance amount. It has been a great opportunity for us!

I have alot of articles on my blog in my signature. Our transient career has been a huge bonus for us. We have been able to turn that one into a positive. :)