Veterans CAN Buy A Multi Family Home with the VA Loan! But You Should Probably Know This...

#vahomeloan #veterans #homebuyingtips #homebuyingprocess #mortgage Today, we're diving into a question that many veterans might have: Can you use a VA loan to buy a multi-family home? So, can you use a VA loan to purchase a multi-family home? The answer is yes, but there are some important things to keep in mind. VA loans can be used to buy properties with up to four units, as long as the borrower intends to occupy one of the units as their primary residence. This means you could potentially live in one unit and rent out the others, helping you generate rental income and build wealth. However, there is one MAJOR factor that we need to keep in mind when using the VA loan to purchase a multi-family home. Rental income from the other units in the subject property CAN NOT be added to the Veteran’s qualifying income. This means that the Veteran must qualify for the multi-family without using any of the proposed rent from the other units in the property. This is not the case with conventional loans. So when a Veteran wants to buy a multi-family home it’s important for him or her to compare the pros and cons of using a VA loan or a conventional loan. 🔴 Subscribe for more free Home Buying tips:    / @homebuyingwithchristian3616   ?sub_confirmation=1 🔴 Looking to get Pre-Approved for a new home, vacation home or investment property? Or refinance a current property? Feel free to follow the link below and start the process online: https://apply2.radiusgrp.com/#/signup... 🔴 Check out my most popular YouTube video here on Renovation Loans:    • General Overview of Renovation Loans (FHA ...   🔴 Recommended Playlist: The Top Ten Questions Googled of 2022 by Potential Home Buyers    • The Top Ten Questions Googled of 2022 by P...