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Updated almost 3 years ago,
Is there a such thing as a combination or hybrid loan?
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?