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Updated about 3 years ago on . Most recent reply

Kaleb Dutil's profile image
Kaleb Dutil's profile image
Kaleb Dutil
  • Contractor
  • Member since Jul 22, 2022

User Stats

8
Posts
6
Votes
Kaleb Dutil's profile image
Kaleb Dutil's profile image
Kaleb Dutil
  • Contractor
  • Member since Jul 22, 2022
Kaleb Dutil
  • Contractor
6
Votes |
8
Posts
Creative Real Estate Financing

Question about VA Renovation Loan

Kaleb Dutil
  • Contractor
Posted

I have spoke with my mortgage guy and he has said I can purchase a house with a VA renovation loan and rehab it and the Va will give you a loan for the ARV. Of course it needs to appraise right or I will be left covering the difference.

My hope would be that I would purchase and live in for a year while rehabbing then rent it out and move. Doing something similar all over again. 

Has anyone had any experience with this? 

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