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Updated 3 months ago on . Most recent reply

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Eric W.
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VA assumption for investment?

Eric W.
Posted

I was always under the impression that a VA loan could not be assumed for investment purposes and that it must be for a primary residence, which typically means occupancy of the residence for a year.

However, while speaking with a company who specializes in Va assumptions, i was told that with VA is possible to assume For investment purposes and there's no residency requirement. Is this true?

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

I don't think there is a hard and fast occupancy rule for VA because you get a VA allotment. You can have more than one property owned with a VA loan as long as it is under your total allotment. So, in that case, at the very least you could assume VA investment properties.

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