Question Details

Gary, Home Buyer in Travis County, TX

Can i get a VA backed loan on a multi family property?

Asked by Gary, Travis County, TX Wed Jan 12, 2011

I intend to occupy 1 unit myself....i am interested in properties with 2-4 units.
i have a good fico...800 or - a few points depencing on the reporting agency.
I also have verifiably income to qualify for a single family home in the price range i am looking at.

Help the community by answering this question:


Thanks for your replies

I can definitely qualify for the loan amount, without including rental income.
and although 1 unit will be my primary residence
I do fully intend to rent the other unit(s).
I was hoping i would not be restricted to only veterans as my tenants, as this reduces the number of my potential tenants.
I know that the VA will back loans on residential rental property and that is restricted to housing for homeless veterans.
but i thought that was for investment property only.
I am hoping that since i will occupy one of the units within the same structure, that it is not considered investment property, under the VA guidelines.

Thanks for taking the time to help me
0 votes Thank Flag Link Wed Jan 12, 2011

Yes you can but the VA will only count the rental income of the other units if you have a history of either property management or being a landlord.

If you can qualify, this is a great way to buy a multi-family. Loan pricing for VA loans on 2-4 unit properties is identical to single unit properties. The loan limits are based on the county you're in. If you're not in a High-Cost County, you're limited to financing $417,000.

Here's a link to VA loan limits:

Here's some other info on VA loans I wrote that you may find useful:……
0 votes Thank Flag Link Wed Jan 12, 2011
Yes according to the veterans site below. You have to rent only to Veterans though to help get them off the streets. I would talk to a good Lender that does all or specializes in Veteran Home Loans. Good luck.
0 votes Thank Flag Link Wed Jan 12, 2011
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