What Is A Duplex VA Loan?
A duplex is one home that includes another living unit. One home is your primary residence. You can earn income from the unit you don’t occupy. Essentially, you are making a part of your home an investment property. A duplex keeps your valuable investment property close so you can watch over your investment easily.
The Advantage Of Owning A Duplex
One of the challenges of being a landlord is to maintain a home that isn’t nearby. Some landlords own homes in multiple states which is difficult. A duplex home keeps your valuable investment close by so you can maintain and watch over your investment easily.
Many VA Lenders Won’t Approve Duplex Loans
Some VA lenders won’t approve loans for 2 unit properties. Don’t give up! You may still qualify even though you’ve been turned down before. For more information apply above or call 800-720-0250 to speak with a VA Loan & Refinancing Expert with HomePromise.
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VA Loan & Refinancing Experts
The VA Home Loan benefit is the best mortgage choice for military members, Veterans, and their surviving spouses. For almost every Veteran, it is a better choice than a Conventional, FHA, or USDA loan. Best known as a no-money-down loan, the VA Home Loan benefit provides a low-fee option for military members, Veterans, and surviving spouses meeting the eligibility requirements set in place by the Veterans Administration.