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Updated about 5 years ago,

User Stats

156
Posts
80
Votes
David Maldonado
  • Rental Property Investor
  • Santa Maria, CA
80
Votes |
156
Posts

Owner occupied loan for fixer upper

David Maldonado
  • Rental Property Investor
  • Santa Maria, CA
Posted

Hey BP community!

I am coming up on my 1 year occupancy requirement next month and will need to move to Fresno ca for college (also because the market is so much more affordable). I have used half my entitlement of my va for my current home. I am debating whether to go with the no money down with the va loan, but won't have full entitlement. Or go conventional (Navy fed has 5% down no pmi) and qualify for a higher loan amount but ultimately I want to find out about how to get a rehab loan in order to buy a fixer upper that I want to live in. I know the va is more strict when it comes to "livable conditions."  I would prefer to buy a home in Clovis ca if the deal is right.

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