VA 2-4 Unit Loans

VA Loans can be used 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 Four-plex).  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 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 to offset the Mortgage Payment.   The VA does require that the Veteran has a high probability of success in managing the rental units,  this can be documentation of prior experience managing rental properties or a well qualified buyer (liquid assets, good income, great credit profile, etc).

You can also utilize VA Loans to Refinance your current 2, 3 or 4 unit property.   You must live in one of the units,  call direct to find out more.

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 – give us a call at 866-900-2342 toll free direct.

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 available up to $2 million.   Veterans with full VA Entitlement are eligible up to the full $2m with zero down payment required.  Veterans with a partial charge against VA Entitlement are also eligible up to $2m VA loan amounts, however a down payment will be necessary.   This is calculated by a formula using your remaining VA Entitlement and the VA county Loan Limit.

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

CA ALAMEDA $970,800
CA MARIN $970,800
CA MONTEREY $854,450
CA NAPA $970,800
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
WA KING $891,250
WA PIERCE $891,250

All other California and Washington 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 without regard to the respective county VA Loan Limit.   The VA County loan limit only applies to Veterans that have a current charge against VA Entitlement.  However they are still eligible for VA Jumbo Loans up to $2m with a corresponding down payment.   VA Multi Unit loans are also available up to $2m loan amounts.  

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 Get started on your VA Loan online.

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