How Many Units Can be Purchased with a VA loan?

Thursday, April 12, 2012 5:38

VA guaranteed home loans have certain restrictions and requirements when it comes to the nature of the property for sale. For example, VA loans require that the property be primarily residential in nature, and no more than 25% of the total floor space for the building can be used for non-residential purposes.

There are also requirements on the number of units a property can have to qualify for aVA home loan. It’s easy to assume that only single-unit buildings or homes qualify for VA mortgages, but this is not true. A borrower can apply for a VA loan for multiple units, provided the building meets VA standards.

What do the rules say about multi-unit properties? Single-family homes can have as many as four units, but the rules change when multiple veterans want to purchase property together. Chapter seven of the VA Lender’s Handbook states the following:

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New Homes in Carlsbad Starting in the mid – 400′s

Tuesday, March 13, 2012 18:16

MODEL GRAND OPENING LAST WEEKEND – March 3rd 2012.

 

First Phase Release Last Weekend

3 and 4 Bedroom Homes From $459,900

Among Most Affordable in Carlsbad

Brookfield Homes is excited to announce an enclave of 56 new homes in Carlsbad in the popular master-planned community of The Foothills. Sago offers detached living approximately 3 miles to the coast. Sago new homes are among the most affordable homes in Carlsbad priced from the mid $400,000s. The Carlsbad new homes at Sago offer two-story living from approximately 1750 to 2050 square feet with courtyards for outdoor entertaining. All Sago homeowners will enjoy access to the resort-like Swimclub offering a pool, paddle tennis courts, fireplace, BBQ for entertaining, and more.  VA and FHA approved!  Phase one is made up of 6 homes and 3 sold on the opening weekend.  600 visitors came through the sales office on the first weekend as well.

Let one of our agents assist you in owning one of these new homes.  We will negotiate the absolute best terms and represent your best interest in lieu of the on site sales office that works directly for the developer.  It is critical that one of our agents accompany you the first time you enter the sales office or else our firm is not allowed to represent you.

Trident Realty is a disabled veteran owned business owned and operated by former Marine Corps officers and Naval Academy graduates, Dan Chapman and Mike Chiesl.  They work with buyers, sellers, and offer property management services.   Please call the office:  858.777.9817 or email us at Trident RE@gmail.com

SAGO WEBSITE

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Scripps Ranch Real Estate – Homes for Sale

Tuesday, February 21, 2012 6:17

 

Scripps Ranch Real Estate – The Trident Realty Group proudly presents this 3 bed, 2 bath 1250sqft home being sold through the military homeowners assistance program (HAP).  The home has 3 bedrooms 2 baths and a 2 car garage.  Great schools are just walking distance away.  The home is only a couple of miles from MCAS Miramar.

TRG has sold dozens of HAP properties. Trident works with both buyers and sellers, and works with foreclosures and short sales as well. We also offer property management services.  Trident Realty is a disabled veteran owned business operated by former Marine Corps Captains and Naval Academy graduates, Dan Chapman and Mike Chiesl.  Contact:  858.777.9817  dan.chapman@tridentre.com

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2012 San Diego BAH Rates – Camp Pendleton

Saturday, February 18, 2012 0:12

 

 

 

Make your financial plans carefully when factoring in BAH as a contributing source of income for your house payment. Remember, BAH is calculated on local rents. Mortgage amounts are not used to compute Basic Allowance for Housing. You may be able to offset some or all of your monthly mortgage payments using BAH, but it’s not designed to do so.

All CA BAH Rates:  http://www.valoans.com/bah-rates-state.cfm?state=CALIFORNIA

Cardiff by the Sea Real Estate and Homes for Sale

Thursday, February 9, 2012 18:53

 

The Trident Realty Group is proud to offer this charming beach cottage West of the I-5 on large 7,400sqft ocean view lot.   Home is a 3 bed, 2 bath, plus bonus room and 2 car garage and includes 1,202 sqft of living space.  A tradition sale, this property is owned outright.  The lot offers a nice sized yard with mature citrus trees.  The home also has a huge back porch that’s great for entertaining.  Walking distance to the beach and all that Cardiff by the Sea has to offer, this home will not dissappoint.  Buyer to verify all prior to close of escrow.   Trident Realty is owned and operated by former Marine Corps Captains and Naval Academy graduates, Dan Chapman and Mike Chiesl and is located in Solana Beach in the Beachwalk building along Highway 101.  Contact us:  www.TridentRE.com  -  858.777.9817.

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