Can I Use a VA Loan to Purchase a Rental Property?
No, you cannot use a VA loan to purchase a rental property. VA loans require borrowers to use the property as their primary residence. However, the borrower can rent out additional space in the residence.
To finance the purchase of a rental property, most investors choose to obtain a non-government-backed loan from a commercial vendor.
- What Is a VA Loan?
- Can I Use an FHA Loan to Purchase a Rental Property?
- What Is an FHA Section 203(k) Loan?
- What Are the Requirements of an FHA Section 203(k) Loan?
- What Is the HomePath Ready Buyer Program?
- What Is an Energy-Efficient Mortgage?
- How Do I Qualify for an Energy-Efficient Mortgage?
- What Is a Good Neighbor Next Door Loan?
- What Are the Requirements of the Good Neighbor Next Door Program?
- What Is a HARP Loan?
- What Are the Requirements of a HARP Loan?
- What Are the Requirements of a VA Loan?
- How Long Until My VA Loan Closes?
- What Is a USDA Loan?
- What Are the Requirements of a USDA Loan?
- What Is an FHA Loan?
- What Are the Requirements of an FHA Loan?
- How Long Do I Need to Live on the Property If I Get an FHA Loan?