Joint VA Loan to buy Commercial Property

[Joseph Cox]

Im really curious is it possible for four service members to put their Va loan together to purchase multi Family units ? from my understanding you can purchase up to a 4 unit with one VA loan if you can do a Joint VA loan with four service members what is the Maxium units for four people?

[Joseph Cox]

Thank you for your comment 

VA Pamphlet 26-7, Revised

Chapter 7-Loans Requiring Special Underwriting, Guaranty and Other Considerations

If a property is to be owned by two or more eligible veterans, it may consist of four family units and one business unit, plus one additional unit for each veteran participating in the ownership.

Thus, two veterans may purchase or construct residential property consisting of up to six family units (the basic four units plus one unit for each of the two veterans), and one business unit.

If the property contains more than four family units plus one family unit for each veteran participating in the ownership and/or more than one business unit, the loan is not eligible for guaranty.