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Updated over 5 years ago on . Most recent reply

User Stats

113
Posts
36
Votes
TJ P.
  • Investor
  • WI OH
36
Votes |
113
Posts

Primary residence, VA, refinancing- Unique situation?

TJ P.
  • Investor
  • WI OH
Posted

So, used VA loan to purchase "Dream Home" earlier this year, after relocating from CA to OH (hence, not a lot of equity or pay-down). Just discovered that my position that I moved here for is likely being eliminated, and in order to maintain current salary, I will possibly have to move again (not local). I promised the family I wouldn't ask them to move, if they're OK with either my being gone most weeks and only seeing me on occasional weekends- That is, until my RE investing pays off ;)

I'm looking at options to finance wherever I end up. Ideally, this would be a house-hacking situation in a small MF. What are my options if and when I find a place? If I'm living there for work, can I claim that as my primary residence? In order to use VA again, do I have to refi to conventional? Would I have to/should I just go investment to avoid the red tape?

Thanks for any insight

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