VA assumption for investment?

[Eric W.]

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?

[Jonathan Greene]

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.