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Updated about 8 years ago, 11/10/2016
Multiple VA Loans?
Good Morning All! Me and my wife recently purchased a new construction townhouse as our primary residence with a VA loan as she is a veteran of the U.S. Navy. My question is: If we move out after a year or two and rent the townhouse, do we have to refinance the loan? If not, are we able to use another VA loan to purchase a new primary residence? The VA loan terms were very favorable. 0% down, 0% origination fees. I read that you cannot use a VA loan to purchase investment property, but this would be a semi work around to that hurdle. Thanks!