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Updated about 5 years ago,
VA REhab loans for 3-4 plexes?
Hey guys, Being an agent in Norfolk Virginia right next to a huge Naval Base we do a lot of VA and VA rehab loans. In the past year, we have found a local bank that will do VA-rehab loans up to a duplex. This is, of course, a great option, but I am asked constantly if there is anyone who can do VA-rehab loans on a 3-4 plex. So, far I have not heard of anyone who can. Just curious if you guys know anyone who can do this? Also, if not, does anyone know if its a VA thing or a Broker/lender reason nobody seems to be offering these kinds of loans. At the end of the day, the VA and the VA rehab loans are incredible ways to house hack and create value in a property, so I just want to make sure my clients and our community can fully capitalize on the opportunities around them.
Any help or guidance would be greatly appreciated!
Alex