Clariification for VA loan home Purchase
Hello everyone!
I am in the process of preparing for a PCS from Okinawa, Japan back to Colorado Springs, Colorado. Because of this, I figured that I could start the process of purchasing a multi-family home so I can live in one and rent the remaining units. However, I am uncertain what the guidance for purchasing a home with a VA loan knowing that I may not be able to meet the live-in clause immediately. I have looked around and the answer seems to vary. One article I read said a timeline of about 60-90 days to move into the premises. Another stated that I could potentially purchase a home 120 days out so long as I have the intention of moving into the home. Does this vary on the lender that you work with and what their their level of willingness to accommodate the home buyer or is there something in writing somewhere that outlines this information. Any assistance you all could help me with would be phenomenal!
- Josh