Scenario:I have about 8 months left and am looking to finance a duplex using my VA home loan, with the intent of house hacking it..

According to our understanding of the VA home loan guidelines, a property can be up to 4 units, and mix use is allowed so long as the property will be the buyer’s primary residence and the the commercial use is subordinate to the residential use comprising no more than 25% of the property space.

@Matt DornakWhat is the specifics- If it’s selling a property to buy another there could be programs that work but other than that, no owner occupied loan to delay financing

So, I figured that posting a VA Home Loan Benefits - Information and More.

Those are tougher construction loans to get than for investors 

Generally - you can make a referral fee on these types of loans if they are 100% purely business purpose - a lot of the restrictions and issues come from anything consumer-related. 

A lender may classify detached multi units as residential in portfolio loans in some states, not all.

Rates will be lower for a 2nd home loan, but as Michael stated you will have to acknowledge in the loan docs that you will not be renting out the property.

I lent $225,000 of which $185,000 was for the purchase of the property and $40,000 is going toward renovations.As a lender I just want to get back my loan amount back (in this instance $225,000) if there is a total loss with the property.I have seen where a lender tells the insurance agent how much property insurance he/she wants based on a price per square foot calculation.On the other hand I have also seen where a lender tells the insurance agent that the amount of property insurance should be the loan amount in this instance $225,000.

The VA loan requires you to live in the property as your primary residence which is defined as at least 51% of the time.