678-810-1871

Eligible Home Types for VA Loans

With a VA Loan, you can purchase a variety of property types, provided they meet the VA's minimum property requirements. Here are the main types of homes you can buy:

  1. Single-Family Homes: These are the most common type of property purchased with VA Loans. They must be used as your primary residence.

  2. Multi-Family Homes: You can buy a property with up to four units, as long as you live in one of the units as your primary residence. This is a great option if you're looking to invest in rental properties while securing your own housing.

  3. Condominiums and Townhomes: These are also eligible for VA Loans, but the condo or townhome community must be VA-approved. You can check the VA's website for a list of approved properties.

  4. New Construction Homes: You can use a VA Loan to build a new home, provided the builder is registered with the VA.

  5. Manufactured and Mobile Homes: These homes can also be purchased with a VA Loan, although they must meet certain criteria, such as being classified and taxed as real estate, not personal property.

  6. Fixer-Uppers: You can buy a home that needs improvements and use a VA renovation loan (also known as a VA rehab loan) to fund the repairs.

Remember, all homes purchased with a VA Loan must meet the VA's minimum property requirements to ensure they are safe, sound, and sanitary. This includes an appraisal process to verify the home's condition and value.