VA Loan and Non-Warrantable Condo

[Nana Komeh Abboah-Offei]

Hello BP members. I am a real estate newbie, local property manager in Cape Canaveral/Cocoa Beach area, and have the opportunity to purchase a non-warrantable condo that I manage off-market. Is it possible to use my VA loan for this purchase? Appreciate any and all info. Thank you!

[Brittany Minocchi]

Owner occupancy is actually GOOD. If it is truly non-warrantable, you won't be able to get traditional conventional or government-backed financing unfortunately. There are other options, but not with the perk of 0% that a VA loan has. Debt service loans are a popular option for situations like this - you can expect to need 20-25%+ down. Happy to answer any other questions if you have 'em, feel free to connect!