What Qualifies for a VA Loan?
One of the most common questions I get regarding the VA Loan Guarantee Program is if it is possible to buy non-traditional housing such as a mobile home or farm?
A VA loan must be used to purchase a home with a fixed, permanent foundation. Anything that moves such as a mobile home would not qualify. However, a modular home with a foundation, or a farm with a house that is used for a residence would qualify.
You aren't restricted to just a single family home. If a lender approves, the VA allows loans on condominiums, mixed-use properties, multi-family units, and even manufactured homes. The key words here are "if a lender approves". Just because the VA allows it does not mean that every lender is obligated to offer it.
Let me get you into the home of your dreams by navigating through the red tape and finding the right lender for you.
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Tawana Bourne, SRS, SFR, RESE
Your Enthusiastic! REALTOR®
Berkshire Hathaway HomeServices NEP
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