Hard money to VA loan for primary residence
A friend of mine asked me a question regarding buying a distressed property, using hard money to pick up the house and rehab it, and then if it was possible to use his VA loan for this property as it would be his primary residence and he could finance at 3.5% down - primary residence. He is a Veteran of the Gulf War and and is moving to the DFW area.
Does anyone have any experience with this and if this would be possible to do with first using hard money to purchase and rehab the property, and then using the VA loan for a primary residence? Or, what restrictions the VA might have with allowing someone to do this.
Thanks for viewing my post, and thanks in advance for any and all responses.