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 Loans is 500, and our minimum credit score for VA Jumbo Loans is 580 on loan amounts up to $2.0M.
We offer VA and VA Jumbo loans for 2, 3, and 4 unit homes up to $2.0M with zero down for qualified Veterans with Full Entitlement available.
We also offer VA and VA Jumbo loans for 2, 3, and 4 unit homes up to $2.0M with an appropriate down for qualified Veterans with partial Entitlement available.
I have specialized in VA Loans and VA Jumbo Loans since 2008. It is my honor to assist Veterans and Active Duty Military utilize their VA Home Loan Benefit. ~ Brian Skaar, Branch Manager, VanDyk Mortgage.
We have compiled the California VA Loan limits for 2023 by county below.
CA County 2023 VA Loan Limit for 1-4 unit homes:
County VA Loan Limit (*) VA Loan Limit (for qualified Veterans with Full Entitlement)
Alameda $1,089,300 $2,000,000
Alpine $726,200 $2,000,000
Amador $726,200 $2,000,000
Butte $726,200 $2,000,000
Calaveras $726,200 $2,000,000
Colusa $726,200 $2,000,000
Contra Costa $1,089,300 $2,000,000
Del Norte $726,200 $2,000,000
El Dorado $763,600 $2,000,000
Fresno $726,200 $2,000,000
Glenn $726,200 $2,000,000
Humboldt $726,200 $2,000,000
Imperial $726,200 $2,000,000
Inyo $726,200 $2,000,000
Kern $726,200 $2,000,000
Kings $726,200 $2,000,000
Lake $726,200 $2,000,000
Lassen $726,200 $2,000,000
Los Angeles $1,089,300 $2,000,000
Madera $726,200 $2,000,000
Marin $1,089,300 $2,000,000
Mariposa $726,200 $2,000,000
Mendocino $726,200 $2,000,000
Merced $726,200 $2,000,000
Modoc $726,200 $2,000,000
Mono $726,200 $2,000,000
Monterey $915,400 $2,000,000
Napa $1,017,750 $2,000,000
Nevada $726,200 $2,000,000
Orange $1,089,300 $2,000,000
Placer $763,600 $2,000,000
Plumas $726,200 $2,000,000
Riverside $726,200 $2,000,000
Sacramento $763,600 $2,000,000
San Benito $1,089,300 $2,000,000
San Bernardino $726,200 $2,000,000
San Diego $977,500 $2,000,000
San Francisco $1,089,300 $2,000,000
San Joaquin $726,200 $2,000,000
San Luis Obispo $911,950 $2,000,000
San Mateo $1,089,300 $2,000,000
Santa Barbara $805,000 $2,000,000
Santa Clara $1,089,300 $2,000,000
Santa Cruz $1,089,300 $2,000,000
Shasta $726,200 $2,000,000
Sierra $726,200 $2,000,000
Siskiyou $726,200 $2,000,000
Solano $726,200 $2,000,000
Sonoma $861,350 $2,000,000
Stanislaus $726,200 $2,000,000
Sutter $726,200 $2,000,000
Tehama $726,200 $2,000,000
Trinity $726,200 $2,000,000
Tulare $726,200 $2,000,000
Tuolomne $726,200 $2,000,000
Ventura $948,750 $2,000,000
Yolo $763,600 $2,000,000
Yuba $726,200 $2,000,000
For a VA loan for a higher amount than your county loan limit, please call us. We are highly experienced with VA Loans over the corresponding VA County Loan Limit for Veterans with limited Entitlement. We offer VA loans over the county loan limits for Purchase, Refinance, and VA IRRRL Streamline Refinance (aka VA Streamline).
VA Loans up to $2m with no money down for qualified Veterans with full VA entitlement available.
*VA Loans up to $2m with down payment for qualified Veterans with a Partial charge against VA entitlement. Call us to help calculate your required down payment - it is very individual to your situation.
Ready to get started on your new VA loan? Have a Question for the VA Loan Pros?
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