VA Loan Home Occupancy Period: How Long Can You Stay

VA Loan Home Occupancy Period: How Long Can You Stay

Welcome to Texas Home Loans. We appreciate your service and we’re looking to help you discussing you, helping you consider a VA loan and learning how long you can stay in your home. You want to know the occupancy limit. Some people want to buy a house with a VA loan. They say, how long do I have to stay in it?

How long do I have to occupy this property to fulfill the terms that I signed with the deed and the note? when I get my VA loan? Well, the answer is when you when you move in, I give us a period. In most cases, the minimum required is 12 months. That means once you buy that property, you have to stay there for that period of time as your primary residence.

So that means you can’t buy another property, those other kinds of things. However, there are certain circumstances where exceptions could be made. For example, if you receive military orders, For deployment, you may be allowed to remain absent from the property for an extended period of time. Same applies if you experience a change in your marital status or circumstances beyond your merit, beyond your control.

Keep in mind though, if you’re thinking about purchasing the home solely as an investment property, the VA loan does not allow that and it might not be the right fit for you. The purpose of VA loan is to lower the barrier of entry for people, for eligible veterans and service members to obtain housing with minimal down payment and a good interest rates.

Remember, here at Texas Home Loans, we don’t increase our profit margins on veterans. That means you get a much lower interest rate and that is something that is somewhat exclusive. It shouldn’t be, but it’s somewhat exclusive to here. We can show you with the numbers, we can show you how these people are advertising these rates, and you can see how they’re increasing their margins on our veterans.

It’s always important to adhere to the occupancy period requirements, avoiding potential penalties or complications on the road. If VA loan within a certain period of time, it’s recommended to seek advice from a qualified VA loan specialist like myself who can guide you through the process. So to recap, standard occupancy period, 12 months, exceptions can be made, military orders, marital status, unforeseen circumstances.

But it’s crucial to comply with these items. VA does come and knock on the doors every once in a while and check to see if there’s occupancy. Just warning you. I’ve had that happen to some of my clients. Thanks for watching the video. Hit the like button. Call us anytime. You can call us at 1 830 929 7100.

We’ll answer the phone, answer all your questions. We can give you exact quotes the first day, first round, get the lowest quote. Let us know if we can do anything for you. Thank you for your service.