Yes you can, but the veteran/borrower must occupy one unit as his/her residence.

The borrower will also need 6 months of the mortgage payments (PITI) set aside in an account as reserves, and documentation of the borrower's prior experience managing rental units and/or use of a property management company to oversee the property.

The reserves must be the borrower's own funds and cannot be a gift, or equity in the home.

The amount of rental income to include in "effective income" is based on 75% of the amount indicated on the lease or rental agreement unless a greater percentage can be documented.

To include the rental income in effective income, the borrower must have a reasonable likelihood of success as a landlord and must have the cash reserves of 6 months of the payment (PITI)

Give us a call us today at 949-243-7900 to determine your VA Loan eligibility and start you on the path to owning your own home.  We are a veteran focused company, participate in veteran-run non-profit organizations aiming to help some of our finest secure their homes via VA loans, and strive to educate all of our veteran clients as well as real estate agents on the benefits of a VA Home Loan. We are proud to have helped thousands of veterans navigate the home buying process.