What Is A Triplex VA Loan?
A triplex is one home that includes two other living units. One home is your primary residence, and you can earn income from the units you don’t occupy. This is called making a part of the home an investment property. A triplex home keeps your valuable investment property close by so you can maintain and watch over your investment easily. That’s harder to do when you have an investment property across town or across the country.
The Advantage Of Owning A Triplex
One of the challenges of being a landlord is maintaining a home that isn’t nearby. Some landlords own homes in multiple states which is difficult. A triplex home keeps your valuable investment close by so you can maintain and watch over your investment easily.
Many VA Lenders Won’t Approve Triplex Loans
Some VA lenders won’t approve loans for 3-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.