Updated over 9 years ago on . Most recent reply
VA Loan strategy
I know that I should speak to a VA loan specialist but I just wanted to ask this on the forums.
I have a VA loan for a primary residence and I am wanting to move into another property. The primary residence is already being rented out after living in there for almost 3 years. I am looking to acquire another property but VA is requiring me to purchase a home above 144K. I don't want to do that. I want to buy a property under that cost. I want to purchase a nice condo nearby the primary residence with a conventional loan. Would anyone think that I could refinance that condo under the VA loan if the cost of the condo was about 80K? I just want to see some input from other investors that know how to be savvy with a VA loan.