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
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: