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Updated about 11 years ago on . Most recent reply

User Stats

19
Posts
1
Votes
Andrew Greaves
  • Contractor
  • Lexington, KY
1
Votes |
19
Posts

VA Loan for Multi-Family question

Andrew Greaves
  • Contractor
  • Lexington, KY
Posted

Hello!

I know that the VA Loan requires the owner to occupy the unit purchased. This seems like a grey area to me as it does not specify whether or not the buyer must occupy until the loan is repaid or the property is sold. Does anyone have first-hand experience with this? If that is the case, it does not seem that the VA loan would be a great financing option for a first time buy and hold investor.

Thanks!

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