VA 2-4 Unit Info

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

We offer VA Loans 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 great investment strategy, as you can live in one of the units and rent out the other units. This awesome opportunity that 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. 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 a well qualified buyer (liquid assets, good income, great credit profile, etc).

Call us if you are interested in purchasing a multi unit property, 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 (if you occupy one unit as your primary residence).   Call us to see if that will make sense for you.

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.

VA Loans are now available up to $2 million dollars with zero down payment for qualified Veterans with Full VA Entitlement available (ie no charges against VA Entitlement).

Veterans with a charge against VA Entitlement can still qualify up to $2m for their VA Loan with a corresponding down payment.  The calculation is a combination of the VA county loan limit and the amount of your individual charge against VA Entitlement.  Give us a ring to help you determine your required down payment in this scenario.

Here are the 2022 VA Loan Limits for high cost California Counties:

*** for Veterans with partial VA Entitlement available.  Veterans with full VA Entitlement can borrow up to $2m with zero down required.



CA ALAMEDA $970,800
CA MARIN $970,800
CA NAPA $897,000
CA ORANGE $970,800
CA SAN BENITO $970,800
CA SAN DIEGO $879,750
CA SAN MATEO $970,800
CA SANTA CRUZ $970,800
CA SONOMA $764,750
CA VENTURA $851,000

All other California counties are at $647,200 for the 2022 VA Loan Limit. VA Loans are available with zero down payment for VA 2, 3 or 4 plex purchase and refinance up to $2m for Vets with full VA Entitlement available, or up to $2m with a corresponding down payment based on your VA Entitlement charged and the respective county VA Loan Limit.

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.

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