VA Buyer FAQ: Can I use my VA Loan on a Home I Won't Live in Primarily?

Posted by Dietchi Thomas on Friday, March 25th, 2016 at 12:48pm.

Is it Okay For a VA Borrower Not to Primarily Live in the New Home?

 

Yes, in certain circumstances he/she can.  VA allows for this as long as someone in the family will occupy the home as the principal residence.  This can be used in situations such as:

  • A borrower’s family is moving to a new area but the borrower continues to work in their previous home / area while looking to transfer to the new home area

  • A service member is stationed a long distance from the home, but will come home on weekends or similar

  • A borrower has a history of working a long distance from their home such as a truck driver, national or regional sales, or others

  • A service member is waiting to be transferred to a new base but it has not happened yet

In these cases, we would need a detailed explanation letter, documentation to support, and would need to count any housing and commuting expenses.  These expenses could include flight or driving costs, rent for the temporary home, and there are even costs to include when living rent free.  Every situation is different, so ask us about your scenario

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