VA loan for building a triplex
My wife and I are closing in less than 2 weeks on a piece of property that we wanted to build a triplex. Our intention is to have one unit as our primary residence and rent out the other two. We are in a very popular vacation spot. Everything has been going well until today when she tells me that the VA is currently not doing loans for a triplex and that we will have to go with a FHA loan, thus a heavy down payment.
How can I check this out? This doesn't seem right to me, but with the Covid19 Virus, banks are doing some strange things, but this one stuck in my craw!