We get tons of questions from folks who have moved to North Carolina from another area, becoming landlords in the process. Maybe you bought a home in Jacksonville, NC and now that you are out of the service, you are living in Charlotte. If you still have that home in Jacksonville, and you are renting it out, can you do a VA Refinance on Investment property? What about buying a new house? Can you use your VA Eligibility to purchase a second home?
VA Streamline Refinance Options For Investment Property
In order to qualify for a VA Interest Rate Reduction Refinance, you must certify that you previously occupied the home that you are refinancing with a VA streamline. Some investors will not do these loans if the Veteran is not currently living in the home – so the trick is to find one that will.
Our company WILL allow you to qualify for a VA Streamline Refinance if you don’t live in the home. For example, if you lived in the home, then relocated and rented it out, you still may be able to apply for a VA streamline refinance. [Read more...]