Would I be able to purchase a business property with a VA advance?

Posted on: Thu, 03/07/2013 - 09:52

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Would I be able to purchase a business property with a VA advance?

I might want to utilize my advance to purchase a pad manufacturing as a backing vehicle. I am utilized and not over leveraged in any method. Considerations please. Much obliged.

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by cellina
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Posted on: Fri, 03/15/2013 - 15:50 #1

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VA Advance

Hi Cellina,

I am not a loan expert so I would encourage you to ask your loan officer what you can and cannot do with VA loans. I know they are difficult to work with outside owner occupied properties. They are almost as hard as FHA loans. You might not be able to use it for your business, so discuss this with a mortgage broker who knows VA loans.

Good luck, hope it works out for you.

Thanks,
Shah

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