Do you require a Virtual assistant Financing To have An investment property?
Mark Severino is a beneficial U.S. Military head regarding reserves for a decade, a stretch one offered an opportunity to use a good Va domestic financing to purchase a first house. But he need things way more.
Severino used the system from inside the 2015 toward a paydayloanflorida.net/flagler-beach/ home within the Orlando having an extra hold device, or ADU, on backyard. He hired one over to protection the majority of their home loan and lived in a portion of the family to meet up the new occupancy criteria from a Va mortgage.
When he moved to Dallas inside 2017, the guy offered the place in Orlando and you may recouped their complete Virtual assistant entitlement, which he put on another mortgage purchasing a great duplex, once again with no currency down. (more…)