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Updated about 5 years ago,
Will using a different type of loan effect my VA loan?
I've always thought that I can use the VA loan and also use a different type of loan such as conventional for my rental properties that I'm not going to be living in because I already used a VA loan for my current primary property that I'm house hacking but I want more. A friend of mine told me that once I use a different type of loan, I won't be able to use the VA loan anymore, pretty much lose my benefits.
My question is that has anyone experienced or have knowledge about using the VA loan and then using a different type of loan but still be eligible to use the VA loan or would the other loan make me forfeit the VA benefits for getting a VA loan?