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Updated almost 2 years ago on . Most recent reply

User Stats

20
Posts
5
Votes
Slavik Lund
  • Lender
  • Anchorage, AK
5
Votes |
20
Posts

VA loan, LLC and interest rates.

Slavik Lund
  • Lender
  • Anchorage, AK
Posted

Good morning nation,

This may have been answered before but I have a unique caveat in which I don't believe has been addressed.

I recently purchased a 4-plex (in my name) using my VA loan. It is financed at 3%. Due to it being a VA loan, there are certain obligations that need to be met; one of those is that I reside in one of the units (owner occupied) for a certain amount of time in which I am currently doing so. My question has multiple parts to it.

1) After I move out, can I give this to my LLC? As in, is anyone aware of any VA regulation that will prevent me from doing so?

2) How do I go about doing this?

3) What will happen to my 3% interest rate? Is there anyway I can keep it?

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