If I were to buy a home using the VA loan and fix it up. Then could I refinance into a conventional loan and start renting it out? This would be done well before the 1 year mark. Trying to get around the 1 year of living in the home rule.
Posted by No-Ad-8439
2 Comments
VA loan requirements are a move in ready house. Most will only need updating stuff like flooring, wall paint, or kitchen etc.
Also you’ll need 210 days of on time payments to refi.
Sounds like you’re about to lose money on this endeavors. With mortgage rates near historic norms and prices at/near ATH
The VA loan is designed for you to live in it right it away. It has a lotta safeguards so people don’t use it as an investment tool.