Updated almost 6 years ago on . Most recent reply
How to secure a VA Loan for mixed use?
Hey BP!
I’ve got a mixed-use property that has some residential and some commercial use.
If I tell a bank that it’s 75% residential and 25% commercial, how do they verify that?
I ask because VA loans can be used for mix use if only at a max of 25% of the property is commercial.
I’m just wondering do they just take my word for it that it’ll be 75% residential and 25% commercial, or do they come and check or are there records they look for where it states how many rooms in this building are residential versus commercial?
- Kanwar Sodhi