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Updated over 5 years ago on . Most recent reply

User Stats

11
Posts
1
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Janiel Vanderhorst
  • Rental Property Investor
  • Washington, DC (washington dc) and Hampton road Virginia
1
Votes |
11
Posts

Question about va loans

Janiel Vanderhorst
  • Rental Property Investor
  • Washington, DC (washington dc) and Hampton road Virginia
Posted

First time homebuyer and im in the military and stationed in Virginia. I want to buy a house in dc with my va loan but i keep hearing that i HAVE to live in the unit for a year or 2... has anyone ever used the va loan and not lived in the actual unit?

Most Popular Reply

User Stats

550
Posts
389
Votes
Stuart Grazier
  • Investor
  • Parker, CO
389
Votes |
550
Posts
Stuart Grazier
  • Investor
  • Parker, CO
Replied

@Janiel Vanderhorst Don't even think about taking a chance at mortgage fraud. The VA loan is clearly laid out for owner occupants and you should absolutely abide by that rule. You need to plan on living in the property. Don't try to buck the system, it's not worth it. The VA loan is such an incredible benefit for those of us that have served our country and we shouldn't try and take advantage of it by bending the rules. Please don't ruin it for others; we don't want the benefit to go away!

  • Stuart Grazier
  • Podcast Guest on Show #33
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