VA 2-4 Unit Loans

VA Loans to purchase California 2, 3 or 4 Unit properties

We offer VA Loans to finance the purchase of a California multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Quadruplex).   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 requires Zero Downpayment up to the California VA Loan Limit, 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 will require that the Veteran have a high probability of success in managing the rental units,  this can be proven from 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 California multi unit property using VA Financing, 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.   Call us direct to review if this might be the solution for your 2-4 unit home. 

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.

VA Loans are available with zero down payment for VA 2, 3 or 4 plex purchase and refinance up to the California’s highest VA Loan Limit of $1,050,000 (SF, San Mateo, Alameda, Marin and Contra Costa Counties only).   For VA Multi Unit loans over the California VA Loan Limit, 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).    Confirm your California VA Loan Limit here.

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