Buying Duplex - With Va Loan

If you need the projected rent from the second unit to help you qualify for a larger loan, lenders apply specific rules:

: You must move into one unit within a "reasonable time," generally interpreted as 60 days after closing. buying duplex with va loan

: You can buy a property with 1 to 4 units . A five-unit building is considered a commercial property and does not qualify for a standard VA residential loan. Using Rental Income to Qualify If you need the projected rent from the

: Qualifying with rental income often triggers a requirement for six months of cash reserves (PITI: Principal, Interest, Taxes, and Insurance) to be held in your bank account after closing. Paperwork Checklist buying duplex with va loan