What types of homes can I buy with a VA Loan?

Video Transcript

What types of homes can I buy with a VA Loan?

The vast majority of military buyers use their VA Loan to purchase or refinance an existing single-family home, but veterans interested in buying a condo or building a home from the ground up can also utilize a VA Loan.

You can use a VA Loan:

• To purchase a residence that’s owned and occupied by the veteran

• To refinance an existing VA guaranteed or direct loan in order to lower the current interest rate

• To refinance in order to take cash out

• To repair, alter or improve a residence owned by a veteran

• To simultaneously purchase and improve a home

• To make energy-efficiency improvements in conjunction with a VA purchase or refinance loan

• And to purchase a farm residence to be owned and occupied by the veteran (the property cannot be a working farm or an income-producing property)

You cannot use a VA Loan to purchase a vacation home, or income-producing property.

For more information, please call Veterans United Home Loans and speak with a VA Loan Specialist.