rental income for va loans: VA Loans and Rental Income
- 06/05/12 01:26 AM
A reader asks, “Can the rental income from a multi unit property be used at least partially to qualify for the loan? I know in the past that it could as long as the veteran had six months of cash reserve on hand to cover rental vacancies.”
This question comes up frequently; some borrowers want to know if a VA home loan can be used to purchase a multi-unit property (yes) and also want to know if rental income from said property can be used to qualify for the VA mortgage loan (it depends).
Borrowers cannot automatically use projected rental income … (0 comments)
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A reader asks, “Can the rental income from a multi unit property be used at least partially to qualify for the loan? I know in the past that it could as long as the veteran had six months of cash reserve on hand to cover rental vacancies.”
;)
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;)
