Is there a such thing as a combination or hybrid loan?

[Gary Eaker]

I was preapproved for a $600K VA loan, and we are currently looking for a house hack in central Florida. We found an 11 acre property that is on the market for just shy of $1M, but it has a SFR with an additional 5 mobile homes on the property for rent. With the rental properties cash-flowing $4-5K per month, it seems like a no-brainer, but lenders for a VA won't consider rental income as part of the equation. Is there any kind of hybrid loan that takes into account the revenue potential of a property (like a DSCR) while allowing me to take advantage of the lower rates I could get as owner/occupier with the VA mortgage?

[Tyler Gibson]

Quote from @Gary Eaker:

I was preapproved for a $600K VA loan, and we are currently looking for a house hack in central Florida. We found an 11 acre property that is on the market for just shy of $1M, but it has a SFR with an additional 5 mobile homes on the property for rent. With the rental properties cash-flowing $4-5K per month, it seems like a no-brainer, but lenders for a VA won't consider rental income as part of the equation. Is there any kind of hybrid loan that takes into account the revenue potential of a property (like a DSCR) while allowing me to take advantage of the lower rates I could get as owner/occupier with the VA mortgage?

 I have not heard of anything like that. You could see if the seller would hold a note in second position but that is unlikely.