Ed is standing by to answer all your VA loan questions! Request a Private Call with Ed
What Types of Properties Can I Buy with a VA Loan?
Two Minute Read
Written by Ed Andrews III on July 28th, 2020
VA Approved Homes List
If you're wondering if the property you've found is eligible for VA financing, the answer is probably yes. You can get a VA loan for a townhouse. You can buy a duplex with a VA loan. You can buy a condo with a VA loan. There’s a lot of options for veterans. However, the VA loan program does place some restrictions on the types of homes you can buy. Let’s go through each of the VA eligible homes to help you pin down your home search.
The following properties are eligible for VA financing:

Detached Single Family Homes – For new construction the builder must be registered. Use the VA Builder ID Lookup tool to ensure your builder is registered.

Multifamily Homes - Up to four rental units, one unit for the veteran to reside, and one business unit.

Condos - The entire condo project must be VA approved.

Townhomes - The entire community must be VA approved.

Manufactured or Mobile Homes - There are strict requirements that these properties must adhere to.

• Modular Homes - These are properties that are partly assembled, transported in pieces, and fully assembled at the homesite. There are stringent requirements for these as well.

• Unconventional Properties – Homes like geodomes, barndominiums, or log cabins are not excluded from financing. However, they need to be typical for the area they are being purchased in. Otherwise the appraiser will have a difficult time finding comparable sales when attempting to appraise the property. This is often the biggest barrier to financing for unique property styles.

You may encounter a lender who tells you that some of the property types listed above do not qualify for VA financing. 

The reality is that the VA loan property eligibility may be different at their particular lending institution. 

I would take that as a sign to find another lender. If they have that additional rule layered on top of the VA’s rules, odds are they have plenty more. Try to pair yourself with a lender who writes VA loans based solely on the VA guidelines, not extra rules and regulations they came up with on their own that don’t help veterans.

Now that you understand what types of homes you can purchase with a VA loan, you may be wondering specifically what types of homes you can’t finance with the VA. For that I encourage you to watch my video “properties you can’t buy with a VA loan” , where I’ll be going over all the property types that are strictly prohibited from the VA program.
All Your Information is Protected When You Sign Up
About VA Loans With Ed
VA Loans With Ed was created by a veteran for veterans. This is the premier source for veterans to learn everything they need to know about the VA loan, and get the most out of the benefit they earned.

About the Author:
Ed Andrews III

Ed Andrews III is a mortgage loan officer, and U.S. veteran of the Iraq & Afghanistan War. He is an expert on VA home loans, and dedicated to helping veterans achieve home-ownership.
Related Articles & Videos
Learn more about the VA home loan
If you have questions I'm here to answer. Schedule a call with me.
If you're ready to take the next step in becoming a homeowner this is where you start.
Share Us on Social


VA Loans With Ed - Nulli Secundus - NMLS #156853
Powered By: Cardinal Financial Company Limited Partnership
1600 W 7th St, Suite 401, Fort Worth, TX 76102 - (682) 429-3443 - ed@edandrewsiii.com

VA Loans With Ed - Copyright 2020 - All Rights Reserved