Eligible Veterans and Active Duty Military can use your VA Home Loan Benefit to finance the purchase of a multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex). This can be a strong investment strategy, as you can live in one of the units and rent out the other units.  The VA 2-4 unit loan  requires Zero Downpayment up to the VA Loan Limits for your county, and that you live in and occupy one of the units to qualify for VA Financing.

You can use the rental income of the rented units to help qualify.  This will be determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the VA Appraisal. Our VA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes. The VA does require that the Veteran has a high probability of success in managing the rental units, this can be prior experience managing rental properties or a well qualified buyer (liquid assets, good income, great credit profile, etc).

Call us if you are interested in purchasing a multi unit property using your VA Loan Benefit, and we can help you with the numbers. You might be surprised what you would qualify for! 866-900-2342 toll free direct.

You can also utilize VA Loans to Refinance your current 2, 3 or 4 unit property. More info here

We do suggest that you utilize a good Realtor when searching for a multi-unit property, as they can help with the property search, cash flow projections, and VA property eligibility.

You can utilize your VA Home Loan Benefit for a VA Loan to make your next home a true investment. Here are the 2012 VA Loan Limits for high cost California Counties:

Here is a complete list of California Counties and their VA Loan Limits

Call the VA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online.

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