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Updated about 1 year ago,

User Stats

21
Posts
4
Votes
Exavier Martinez
Pro Member
4
Votes |
21
Posts

Assumable VA loan/NACA program

Exavier Martinez
Pro Member
Posted

Ok so here's my dilemma. I want to buy a multifamily through the NACA program, but I already own a single family under a VA loan that I would like to keep. NACA rules state that you can't already own a property in order to use the program. I am trying to see if anybody knows a loophole that I could possibly use to technically get the property out of my name so I can use the NACA program. Or should I just sell it sub to, to somebody like a family member and still make the payments while I rent it out. I don't really have equity in it since I bought at the height of the market, so a conventional sale wouldn't be ideal. Basically I need to know what would be the best way to go about this. I want to keep the single family as a rental, but I technically can't own it to use the NACA program.

  • Exavier Martinez
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