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Can I as a qualified veteran purchase a property via a VA loan and have a relative live in it.

by bswan3400 from Cary, North Carolina. Mar 3rd 2014 Reply


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Mar 3rd 2014
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Ricardo Cobos (RicardoCobos)
#54 ranked lender in North Carolina - 10 contributions

Does the eligible Veteran own any other homes and does he/she intend to occupy it as his primary residence?

Mar 3rd 2014
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Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,318 contributions

The VA loan is restricted to the primary residence of the eligible veteran.

Mar 3rd 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,296 contributions

No... If you are buying a house that you won't live in, that is considered a rental property, and the VA loan is for owner occupied homes only. www.VA-IRRRL-Loan_MN.com

Mar 3rd 2014
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

VA loans are only for OWNER OCCUPIED qualified veterans.. so if you live in the property with your relative, then you would be ok. If not, then you would not be allowed to use VA financing.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 4th 2014
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