What Is A Duplex VA Loan?
A duplex is one home that includes another living unit. One home is your primary residence. You can earn income from the unit you don’t occupy. Essentially, you are making a part of your home an investment property. Plus, if you are an eligible active-duty service member or veteran, you can buy a duplex with no down payment which is a huge benefit of your military service.
The Advantage Of Owning A Duplex
One of the challenges of being a landlord is to maintain a home that isn’t nearby. Some landlords own homes in multiple states which can be difficult. A duplex home keeps your valuable income-producting investment close by so you can maintain and watch over your investment easily. Also, rent payments from your tenant can help pay your mortgage.
Many VA Lenders Won’t Approve Duplex Loans
Some VA lenders won’t approve loans for 2 unit properties. Don’t give up! You may still qualify even though you’ve been turned down before. For more information apply online below or call 800-720-0250 to speak with a HomePromise VA Loan & Refinancing Expert.
I just want to thank you very much for your work to help us refinance our loans. I know you had to do so much work for us and we really appreciate it. If I know anyone who wants to buy a home or refinance I will do my best to refer you to them. Again, thank you very much.
This company out did themselves in my expectations. They were not pushy; they waited on me and kept contact with me even when I wasn’t sure if I was going to be able to refinance. I had a wonderful experience and highly recommend them for your next mortgage needs!
My mother recently had a refinance with HomePromise. The process was easy for her (and I) to follow. The loan representative was very helpful and responsive for the entire process and explained everything. I would definitely recommend this company.
I am a Veteran and they helped me understand the best options with my VA loan. They were great all through the process. I will definitely be telling others about Home Promise.