Va Loans For Commercial Property

Online lenders offer solid alternatives to traditional banks for commercial real estate loans due to looser requirements and faster time to funding. You may, however, pay a bit more for that speed and.

Fortunately for eligible buyers who want to use a VA loan, buying land. a second home or an investment or commercial property, it is possible.

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Best Answer: Sorry but the VA home loan insurance program will not insure a non-residential property. VA loans are only for properties zoned residential and you or your spouse must occupy the property. It is called a VA "home" loan and a property marked for non-residential such as mixed-use or commercial does not qualify.

Other financial agencies like FHA and USDA allows loan for the maximum number of 4 units. Any number beyond that would make it a commercial property.

Most commercial real estate loans require that the property be owner-occupied, meaning that the business needs to physically reside in at least 51% of the building. If the property will not be majority owner-occupied, borrowers can look for an investment property loan instead.

I am inquiring on behalf of my client if we can do a VA loan for mixed use property. The property is zoned commercial 1.50 acres a commercial building on site in which will be leased to a church congregation and he will owner occupy the residence on the same land. appraised value $237,900.

Can a veteran obtain a VA loan for the purchase of property in a foreign country? No. The property must be located in the United States, its territories, or possessions. The latter consist of Puerto Rico, Guam, Virgin Islands, American Samoa and Northern Mariana Islands. Can a veteran get a VA loan to purchase a mobile home on a plot of land?

VA home loans aren't limited to properties in “traditional” house buying. residence; is that still possible in an area with commercial zoning?

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I had read all the guidelines, YOU CANNOT BUY COMMERCIAL PROPERTY WITH VA LOAN. So I asked my lender is there a way around this.