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Updated about 6 years ago on . Most recent reply
VA or traditional loan?
I have VA loans available to me, but I also have a great credit score, zero debt, and hopefully a great paying job after college. Any advice on my first purchase?
PS, I plan on being a owner occupant in a small multifamily.
Most Popular Reply
John Warren
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- Real Estate Broker
- 3412 S. Harlem Avenue Riverside, IL 60546
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@Matt Whittle the VA loan makes sense in some scenarios, but you end up having to buy a pristine property. The 5% down conventional loan is a loan that few people know about. It is one of my favorite loans for buying fixer upper 3-4 units. You also have the FHA 3.5% down loan available, although the VA loan is better than the FHA loan in pretty much every way.