Using my VA Loan to its full advantage

[Account Closed]

Hello I currently in the military and so is my wife we are eager to use our VA Loan and invest in a multi family home. One of my questions that I have is I'm aware that if I was just to use my VA Loan a 4 unit is the limit, would my wife being in the military also allow us to get something larger than 4 units? Would you suggest that or should we invest in just a 4 unit place and use her VA Loan for upgrades? I am brand new to the site and investing all your information will be greatly appreciated and the more comments the better. Thank you very much.

[Albert Bui]

the standard VA eligibility is 36,000 the county limit in pierce/king WA state is 517,500 so it will depend on how much of your va eligibility you've used you may be able to get two if enough entitlement remains.

If this is an ambiguous then here's an example: 

In CA Orange County the va limit is 625,500 however the average single family home is around 550k in south county OC so most of the va entitlement is used up during the first use because 550k as a percentage wise is almost 90% of the 625,500 county limit. It will be difficult to use VA twice without a significant down payment on the second use it with out selling/refinancing your prior VA financed Home.

In areas like pierce county WA you can obtain the average SFR for 150-200k which is only 30-40% of the county limit of 517,500 so that means you may have "enough," eligibility to for second use with little to no down payment and have two VA loans.

It all varies and is complicated to explain so much so that most Loan officers are not even sure how VA entitlement and partial entitlements work.