The VA Loan is a powerful tool for military homebuyers and investors. Here’s how to leverage it:
- Zero Down Payment: No need for 20% down, unlike conventional loans.
- No Private Mortgage Insurance (PMI): This saves hundreds per month.
- Multiple Uses: You can use the VA Loan multiple times, as long as you restore your entitlement.
VA Loan House Hacking
If stationed in a high-cost area, consider buying a multi-family home (duplex, triplex, or fourplex) using a VA Loan, living in one unit while renting the others.
- Example: Buy a $500,000 fourplex with 0% down. Live in one unit while renting out the other three, covering your mortgage and living cost-free.
Pro Tip: PCS Transfers? Consider renting out your property instead of selling, using the VA Loan benefit again at your next duty station.
