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With a VA loan, how long must I live in a house before I am legally permitted to transfer the mortgage or the loan?

by crisit881 from Salem, Oregon. 13 days ago Reply


With a VA loan, you need to live in the home for a year before you convert it to a rental/investment property (then you can obtain a second VA - subject to the guidelines). I encourage you to reach out to a local mortgage professional who specializes in VA loans. Feel free to contact me: Randy FreeMortgage Advisor NMLS 283930 | OR ML 49024710 Village Plaza Loop, Suite 210, Eugene, OR 97401541-984-5428 D | 541-868-8371 Frfree@opesadvisors.com

13 days ago
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Randy Free (rfree@opesadvisors.com)
#1 ranked lender in Oregon - 44 contributions

With a VA loan, you need to live in the home for a year before you convert it to a rental/investment property (then you can obtain a second VA - subject to the guidelines). I encourage you to reach out to a local mortgage professional who specializes in VA loans. Feel free to contact me: Randy FreeMortgage Advisor NMLS 283930 | OR ML 49024710 Village Plaza Loop, Suite 210, Eugene, OR 97401541-984-5428 D | 541-868-8371 Frfree@opesadvisors.com

13 days ago
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Randy Free (rfree@opesadvisors.com)
#1 ranked lender in Oregon - 44 contributions

You can't 'transfer' the loan into someone else's name unless they purchase the home from you, or if you put someone on title with you, and then meeting the continuity of obligation requirements, they refinance your name off of the loan. Please call me if you would like to explore your scenario further. Randy FreeMortgage Advisor NMLS 283930 | OR ML 49024710 Village Plaza Loop, Suite 210, Eugene, OR 97401541-984-5428 D | 541-868-8371 Frfree@opesadvisors.com

13 days ago
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