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Updated about 8 years ago,

User Stats

21
Posts
12
Votes
Raymond Popsie
  • Flagstaff, AZ
12
Votes |
21
Posts

VA Financing 2nd property

Raymond Popsie
  • Flagstaff, AZ
Posted

My Wife and I are both Veterans. I used my VA Loan to purchase the single family home I currently live in. We are selling our house and taking the equity to invest in multi-family homes. We intend to live in a triplex or quadplex (not to much inventory here). My question is after we purchase our first multi-family home and live there for a year can we use the VA Loan again for our next property (if we live in it). For the second property will it considered an investment property and require 25% down for a conventional loan? Any help on using the VA loan strategy would be helpful. I understand the first purchase however; after that I am a bit confused on what type of mortgages are available.

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