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Updated almost 3 years ago, 01/11/2022
House hacking - VA vs Conventional Loan
Hi all!
I'm curious about the difference between VA loan and conventional loan when it comes to house hacking in a 3 or 4 plex. I'm more interested in the actual act of borrowing, not so much the numbers involved with it.
I've read that lenders take a bit longer with multi-family than SFH, as well as with VA loans vs conventional, although I'm sure this varies lender to lender.
For those who have gone down the 3 or 4 plex route with a VA loan:
-Did you have any lending difficulties due to it being a multifamily?
-What made you go with VA loan over conventional loan?
-If you were to do it again, would you choose VA or conventional?
Thanks in advance, I'd really appreciate any feedback!