Some VA loan applicants are curious about using a VA guaranteed mortgage loan to purchase a home to rent out to others. But when a borrower signs the paperwork for a VA mortgage, he or she must also certify that the home is to be used by the veteran as the primary residence.
Should tenants stop paying rent or the home go into disrepair. occupancy requirements than Fannie and Freddie and do not insure loans made on investment property. The FHA and VA are government.
The VA loan can be used to purchase up to a 4-unit house so long as it is owner occupied. These homes are also known as multi-family dwellings, and can be referred to as 2, 3, or 4 family houses.
Tax benefits are yet another perk for veterans buying homes with VA loans. Tax benefits of VA loans mirror those of other mortgage loans, and are an additional advantage for veterans who buy homes.