VA mortgages are versatile by what forms of property you can easily and can’t purchase. A VA loan enables you to obtain a:
- Detached home
- Condo
- New-built house
- Manufactured home
- Duplex, triplex or four-unit home
You could work with a VA home loan to refinance a loan that is existing any one of those forms of properties.
VA loans and 2nd houses
Federal laws restriction loans guaranteed in full because of the Department of Veterans Affairs to “primary residences” only.
But, “primary residence” is thought as the house by which you reside “most associated with the year.”