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Using your VA Home Loan Benefit to purchase a Duplex or 2, 3 or 4 Unit property in Washington
Using your VA Home Loan Benefit to purchase a Duplex or 2, 3 or 4 Unit property in Washington 
We offer VA Loans to finance the Purchase of a multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex).  This can be a great investment strategy, as you can live in one of the units and rent out the other units. This awesome opportunity that requires Zero Downpayment or Equity up to the VA Loan Limits for your county, and that you live in and occupy one of the units to qualify for VA Financing.
You can use the rental income of the rented units to help qualify. This will be determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the VA Appraisal. Our VA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes.  The VA does require that the Veteran has a high probability of success in managing the rental units,  this can be prior experience managing rental properties or a well qualified buyer (liquid assets, good income, great credit profile, etc).
Call us if you are interested in purchasing a multi unit property, ... more

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