How many houses can you buy with a VA loan?
Considering this, can I purchase a second home with a VA loan?
VA loans won't allow you to purchase this type of home with your benefits. But you can buy a second primary residence with your VA benefits, potentially with a zero down payment. You just need to have enough entitlement and income to qualify for both houses.
Secondly, how many times can I use a VA loan? VA loans aren't a one-time benefit. They can be used over and over again. You can even have more than one active VA loan at the same time.
Consequently, what types of homes can I buy with a VA loan?
VA Home Loans can be used to purchase:
- An existing home, or a condominium or townhouse in a VA-approved project.
- A multi-unit property (up to four-plex), provided the buyer occupies one of the units.
- A manufactured (mobile) home or a modular home.
- A new construction.
Can I have 3 VA loans at the same time?
The good news is, yes, you can get another VA home loan if you're an eligible service member, veteran or other qualified borrower. Here are three ways this is possible: Purchase a home with a VA loan, sell it and then buy another home with a new VA loan. Refinance from one VA loan into another.