Roseville, CA · Member since 2015 · 31 posts · 5 votes
I'm looking for a multi-family that will be financed with my VA loan. I have been pre-approved through Navy Federal Credit Union and they will only allow up to a duplex and will not count rental income towards how much I am pre-approved for. Does anyone know any lenders that will count rental income towards a pre-approval for someone who has no landlord experience? Looking to buy in Roseville, Rocklin, Antelope, Citrus Heights, Carmichael, and maybe Sacramento ( I just have to become more familiar with the good and bad areas).
Johnson Creek, WI · Member since 2015 · 42 posts · 11 votes
10y
Va you should be able to get a 4plex. See what you can do to make that happen, much more substance in your investing and a lot more padding if a tenant leaves.
Lender · Nationwide Lender · Member since 2015 · 1k+ posts · 814 votes
10y
@Branden Smith I can do a 1-4 unit VA loan. No internal restriction.
VA requires landlord experience to count rental income for DTI. Do you have landlord experience? This is not a lender decision. The VA dictates this requirement.