Use your VA Loan benefits to buy a multifamily in Oahu, hawaii

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Can multifamily properties be purchased with a VA loan?

Yes, multifamily properties can be purchased with a VA loan, but there are specific conditions:

1. Owner Occupancy: The buyer must live in one of the units as their primary residence. VA loans are intended for owner-occupied properties, so the borrower must move into one of the units within a reasonable timeframe (typically 60 days).
2. Number of Units: VA loans can be used to purchase properties with up to four units (quadplex). These can include duplexes, triplexes, and fourplexes. The buyer can rent out the other units, which could help offset mortgage costs.
3. Rental Income: If the buyer intends to rent out the additional units, the rental income may be considered when qualifying for the loan. However, the VA requires that the rental income be verified with a lease and documentation that supports it.
4. VA Loan Limits: The loan amount must fall within VA loan limits for the area, unless the borrower makes a down payment to cover the difference.

Multifamily properties can be a great option for VA buyers looking to offset their mortgage with rental income, as long as they meet the primary residence requirement. 

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Browse Multi-dwelling, duplexes, triplexes, and quadplexes Of Oahu, Hawaii

Check out the multi-dwelling properties that are currently for sale on the island of Oahu! These listings include lots with 2 or more single family homes on the property, as well as duplexes, triplexes and fourplexes (quadplexes). Click the button below to view them all.
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View Oahu's Multifamily properties for sale Here