A qualifying buyer can use a VA loan to purchase most multi-family homes. However, according to VALoanCenter.com, the home
must be used as the borrowers primary residence and thusVA loans
can not be used for non-owner occupied investment property financing. When a VA borrower is obtaining their loan they are asked to certify that they intend to live in the home. VALoanCenter.com states that the only exception to this requirement may be for an IRRL (aka an Interest Rate Reduction Refinancing Loan). With this type of a mortgage, the borrower must certify that they previously occupied the the home as his or her primary residence. This makes sense considering how often military personnel are required to relocate. For more information, contact a licensed mortgage lender or mortgage broker in your area.
