My fiance and I served and were wondering if there is any extra advantage to the va loan for 2 vets taking a joint mortgage.

The VA does not allow for an insured mortgage to purchase an investment property. They will require that the home you are buying is going to be a primary residence. I believe you will be signing an agreement that says you are going to be there for at least 1 year. I deal mostly with VA loans if you would like to get some more specific information let me know.Thanks

To reiterate what was said below. If you both have VA entitlement it would be a wise decision to use one on one property and one on another as long as they are both going to be used as primary residences for the required amount of time. Once that time is met you can then look at making one an investment property. Jason BojonnyFirst National Bank.Federally licensed to lend in all 50 States.NMLS#887549

The VA loan program does not allow properties to be purchased as investment properties. The property you purchase must be your primary residence.

Buy the first property with his VA, live in it 12 months, and then buy property 2 with her VA. It will be easier if there is sufficient individual income to qualify based on only one income, that of the VA qualifier.

VA loans are one of the best loan products you can get assuming you qualify.. VA does charge an upfront fee for your first time use.. any subsequent use of VA benefits will result in a higher funding fee.. if you use your benefits to purchase your first home and once you have out grown It and choose to move, then you can use your spouses benefits on your second home. However, because VA benefits are for owner occupied only, you cannot use it to purchase an investment.. you have to live in the home for a minimum of 12 months.. so you could purchase a home now using VA benefits, live in it for 12 months, rent it out and purchase your 2nd home using your spouse's benefits.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Hello,The VA will not allow you to buy a home that you do not occupy as your primary residence for at least 12 months after the date of closing. If you do decide to buy a home as your primary residence, it might not be a bad idea to just use one of your VA entitlement's and leave the other spouses open so you can possibly use it for a home in the future (after you have occupied the home you purchase for a minimum of 1 year).If you have any VA related questions, please don't hesitate to contact me at 405.308.4208. We are an Oklahoma City Based Company and specialize in VA Loans. www.valoansok.com / Nick Utesch--Progressive Financial; NMLS #216693 / 214427

Va is a great option for your primary residences. The answer to the question may depend on the engagement period and if you plan to live together during the engagement.