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Private Lending & Conventional Mortgage Advice

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Austin Steed
  • Columbus , Ohio
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VA to Conventional

Austin Steed
  • Columbus , Ohio
Posted Nov 4 2015, 12:42

I currently have a VA loan on a home in Lemoore, CA. It is right next to the Lemoore Naval Air Station. So I plan on renting mostly to military personnel.

I think there is potential in converting my VA loan to a conventional loan. By doing this I could reuse my VA home loan to buy a multi family home in Ohio. This Multi family home would be more expensive than my current property, thus using the 0% down payment a VA home loan includes, would be very beneficial.

My question is, is it possible to convert a VA home loan to a conventional loan?

Also, I have about 20k invested in the stock market and would consider transferring that investment to a RE one. This is my first post, so I apologize if my formatting is different than usual. Thank you.

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