VA loan for first home? Help please

[Oscar Buendia]

Hi everyone,

I am in the process of diving into my first investment home and using my VA loan for it by living in it. As for the Owner Occupancy clause, will it affect the loan if I PCS(move t another base/state) before 1 year or less? Would the bank see it as occupancy fraud? Thanks for the help

[Ryan Jackson]

If you do not currently have PCS orders you will be fine. Also be aware that you are able to purchase up to a four unit home with the VA loan. I am an O but I know several E-9s who have bought a 3/2 home at every CONUS duty station and now have impressive real estate portfolios generating solid passive income that they continue to reinvest. Search for VA loan information in the forums as there are several threads that have discussed this. I would also scour the internet at large, be careful of any sites that are pushing VA loan products.

[Oscar Buendia]

Awesome info thank you for the help and reply @Ryan Jackson.