VA Loan vs. Conventional vs. FHA

[Eddie Wright]

Hello BP! I'm an active duty Coast Guard member stationed in SE Louisiana that is looking to close on my first SFH. There aren't many options for multi-family in the area. I have a year left at my current unit before I transfer next summer. Right now, it looks like I will most likely be at a higher cost of living area next year (San Diego, Tampa, San Fran, Houston, etc.). I have enough capital right now to pay 20% down on SFH in my area (200-220K) range. For reference, I would be planning on keeping the property for cash flow, I have no intention of selling immediately. Although the local market has diversified in recent years, there are still significant ties to the offshore oil/gas industry. Would you recommend using the VA loan or another option? The cash flow numbers obviously work out better not using the VA loan, but it would be nice to not touch my nontaxable brokerage.

-Eddie 

2021 VA Loan Limits for California | VALoans.com