Can i Have a VA loan and a FHA loan at the same time?

Raymond E. Hopkins
Rental Property Investor · Meeker, OK · Member since 2017 · 48 posts · 26 votes
9y
Tareal, Yes, you should be able to have a VA loan even if you have a FHA loan, or vice versa. I have an FHA on my rental, and will be rolling my current rehab to a VA loan upon completion of the remodel.
0 Reply
Tereal Wilsonn
OP
Rental Property Investor · Oak Park, MI · Member since 2013 · 222 posts · 35 votes
9y
@Raymond E. Hopkins im guessing aslong you withstand the debt to income the banks will give you the nod
1 Reply
Mike B.
Investor · Los Angeles, CA · Member since 2014 · 176 posts · 93 votes
9y
on the same property - no. On separate properties, if you're eligible, then yes.
1 Reply
Andrew PostellPro Member
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
9y
@Tereal Wilsonn 100% you can absolutely do this. Not a problem. You can also have multiple VA and FHA loans as well if the situations ever arose.
2 Reply
Sara Cunningham
Investor · Chesapeake Beach, MD · Member since 2013 · 273 posts · 37 votes
9y
Hi Raymond how are you going to be able to use a VA loan on a rehab property? Is it going to be your primary property for a while?
1 Reply
Raymond E. Hopkins
Rental Property Investor · Meeker, OK · Member since 2017 · 48 posts · 26 votes
9y
Sara Cunningham yes it will be our personal property. I have construction loan loan on the rehab, and we will roll to a VA loan upon completion of rehab.
0 Reply
Carlos Scarpero
Lender · Dayton, OH · Member since 2018 · 118 posts · 19 votes
2y
You can. But it's better to just get 2 VA loans.
0 Reply

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