Assumable VA loan/NACA program

[Exavier Martinez]

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.

[Eliott Elias]

Selling the property subto will not solve your issue, they will see you as a loan holder if they run your credit.