FHA Loan VS VA Home Loan

[Vincent Gonzalez]

Hi Everybody

Im active duty military. Im looking to get the most out of my first home purchase in the Las Vegas or Henderson area. I will be moving to the Nevada area, in the beginning of March.

Originally, I intended on using my VA Home Loan (have been approved for $175K).

However, after a local Real Estate Meetup discussion, it was recommended that I could also use a FHA loan to buy a 4-unit building.

If I understood correctly, the justification to get a higher loan amount through an FHA loan was based on the profits coming in from the other 3 units.

Perhaps, through Nevada’s First Time Home Buyers Programs:

Home is Possible for Heroes

Mortgage Credit Certificate

I could get the FHA Loan's down payment taken care of…

I have a 711 credit score…

Any advice/thoughts is greatly appreciated!