Need Help With VA Loan Second Use

[Joel Bonilla]

Good Evening,

I would love some advice from others on my current situation. I used my VA loan to house hack a triplex in Philadelphia, PA. It's been great so far and I am looking to do it again. I have been living in one of my units for 8 months and counting. I reached out to two loan officers for some feedback on if they would lend to me already with only being here 8 months and I've gotten two different responses. The first (Veterans United Home Loans) was easy I told them my exact situation and how I was looking to buy another 2-4 Unit again as a primary residence. I was pre-approved almost immediately with some proof of income needed. I called them bc I knew they were gonna be well versed in the VA loan and local lenders in Philadelphia don't typically deal with them as often. Next I spoke with Presidential Mortgage and was given a different answer. I was told that I should be good as they follow the same guidelines as the VA but was later told that underwriting would have a problem with me going from multi to multi because they would see it as an investment. I told them that I already had a pre approval with another lender and they said that even with that under writing would probably have the same issue. Can any loan officers or those familiar with underwriting share some light? How can they not allow me to get a loan if I have great income and credit and the VA allows me to owner occupy a multi fam no money down?

Thanks!

Joel