Some veterans are interested in using their VA home loan benefit to purchase a property to rent out to others. But, when the veteran borrower signs the papers for that property, they are required to certify that property as their primary residence. Don’t worry though, there is the option where a veteran can purchase a multi-unit property (up to 4 units) and can rent out the other empty units to earn rental housing income. The veteran still needs to meet the occupancy requirements of one of the units and make it their primary residence, but there are no rules stating that they cannot rent out the other units.
Call (503) 697-7214 to speak with a Local Home Loan Specialist today.