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Updated over 4 years ago, 06/26/2020

User Stats

27
Posts
6
Votes
Steve C.
  • Real Estate Investor
  • New York
6
Votes |
27
Posts

VA purchase loan for 4 unit when i live in 2 unit

Steve C.
  • Real Estate Investor
  • New York
Posted

I just recently got my VA loan eligibility cert. for a 15 or 30 year 100% financing loan for a 1-4 unit with a couple Credit unions quoting me 2.75%

Obviously I really want to use this but I want to buy a 4 unit. Problem is I own multiple 2 unit houses and live in one of them.  The loan is for an owner occupy only and I am willing to do that. But I'm getting pushback from underwriters on going from a 2 unit to another multi unit and especially from a 2 to a 4. Does anyone know ANY workarounds??

Thanks!

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