Use your VA Home Loan Benefit to purchase 2, 3 or 4 Unit properties

Eligible Veterans and Active Duty Military can use your VA Home Loan Benefit 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 strong investment strategy, as you can live in one of the units and rent out the other units.  The VA 2-4 unit loan  requires Zero Down Payment 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 by offsetting the payment.  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 in select cases a well qualified buyer (liquid assets, good income, great credit profile, etc).

Call us if you are interested in purchasing a multi unit property using your VA Loan Benefit, and we can help you with the numbers. You might be surprised what you would qualify for! 866-900-2342 toll free direct.

You can also utilize VA Loans to Refinance your current 2, 3 or 4 unit property.

We do suggest that you utilize a good Realtor when searching for a multi-unit property, as they can help with the property search, cash flow projections, and VA property eligibility.

You can utilize your VA Home Loan Benefit for a VA Loan to make your next home a true investment.

Our minimum fico for VA and VA Jumbo Loans is 580 on loan amounts up to $1.5M

Here are the 2018 VA Loan Limits for high cost California Counties:

State County 2018 VA Loan Limit (same limit applies to 1, 2, 3 and 4 units)

CA ALAMEDA              $679,650

CA ALPINE                   $463,450

CA AMADOR                $453,100

CA BUTTE                    $453,100

CA CALAVERAS          $453,100

CA COLUSA                 $453,100

CA CONTRA COSTA   $679,650

CA DEL NORTE           $453,100

CA EL DORADO          $517,500

CA FRESNO                $453,100

CA GLENN                   $453,100

CA HUMBOLDT           $453,100

CA IMPERIAL               $453,100

CA INYO                       $453,100

CA KERN                      $453,100

CA KINGS                     $453,100

CA LAKE                       $453,100

CA LASSEN                  $453,100

CA LOS ANGELES       $679,650

CA MADERA                 $453,100

CA MARIN                     $679,650

\CA MARIPOSA             $453,100

CA MENDOCINO           $453,100

CA MERCED                  $453,100

CA MODOC                    $453,100

CA MONO                       $529,000

CA MONTEREY              $615,250

CA NAPA                         $679,650

CA NEVADA                    $477,250

CA ORANGE                   $679,650

CA PLACER                    $517,500

CA PLUMAS                    $453,100

CA RIVERSIDE               $453,100

CA SACRAMENTO         $517,500

CA SAN BENITO             $679,500


CA SAN DIEGO               $649,750

CA SAN FRANCISCO      $679,650

CA SAN JOAQUIN           $453,100

CA SAN LUIS OBISPO    $615,250

CA SAN MATEO              $679,650

CA SANTA BARBARA     $625,500

CA SANTA CLARA          $679,650

CA SANTA CRUZ            $679,650

CA SHASTA                     $453,100

CA SIERRA                      $453,100

CA SISKIYOU                  $453,100

CA SOLANO                    $453,100

CA SONOMA                   $648,600

CA STANISLAUS             $453,100

CA SUTTER                     $453,100

CA TEHAMA                    $453,100

CA TRINITY                     $453,100

CA TULARE                     $453,100

CA TUOLUMNE               $453,100

CA VENTURA                  $672,750

CA YOLO                         $517,500

CA YUBA                         $453,100

All other California counties are at $453,100 for the 2018 VA Loan Limit. VA Loans are available with zero down payment for VA 2, 3 or 4 plex purchase and refinance up to the respective county VA Loan Limit. For VA Multi Unit loans over the county VA Loan Limits, we can utilize a down payment or equity in the property to satisfy the 25% VA Guarantee requirement, this basically amounts to 25% of the amount over the county loan limit (not counting the VA Funding Fee).

Here is a complete list of California Counties and their VA Loan Limits

Call the VA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online.