{"id":2953,"date":"2022-08-09T08:00:33","date_gmt":"2022-08-09T13:00:33","guid":{"rendered":"https:\/\/blog.veteransloans.com\/?p=2953"},"modified":"2025-12-15T11:31:27","modified_gmt":"2025-12-15T17:31:27","slug":"va-loan-options","status":"publish","type":"post","link":"https:\/\/www.veteransloans.com\/resources\/va-loan-options\/","title":{"rendered":"VA Loan Purchase Options"},"content":{"rendered":"[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_color=”#006276″ custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”0px|0px|0px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”9dff890f-1768-470a-a807-27c1220152be” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title _builder_version=”4.16″ _module_preset=”d567e253-9037-4a2c-a8e8-60427c9c0e12″ title_font=”|700||on|||||” title_text_align=”center” title_font_size=”34px” meta_font=”||||||||” meta_text_align=”center” background_color=”#FFFFFF” text_orientation=”center” height=”250px” max_height=”100%” custom_padding=”100px|15px|100px|1px|false|false” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”RGBA(0,0,0,0)” custom_padding=”0px|0px|0px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text ul_item_indent=”65px” admin_label=”Introduction” _builder_version=”4.27.4″ text_font_size=”18px” text_line_height=”1.8em” header_2_font_size=”27px” header_2_line_height=”2em” background_color=”RGBA(0,0,0,0)” background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”0px|20px|20px|20px|false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]\n

VA loans are known for making home purchases more affordable for veterans. But you might be surprised to discover how many purchase options come with a VA loan, some of which are exclusive to the VA loan benefit. The purpose of the VA loan is to make purchasing a safe, structurally sound, and sanitary home more accessible and affordable for qualifying servicemembers and veterans<\/a>. There are a lot of ways the VA loan benefit helps veterans accomplish this.<\/p>\n

Here are some of the VA loan purchase options:<\/p>\n

Permanent Family Residence<\/strong><\/h2>\n

The most common use of the VA loan benefit is to purchase a permanent family residence, a house that is already built. There are a variety of types of loans that can be used to purchase a permanent family residence using your VA loan benefit, which we will cover toward the end of this article.<\/p>\n

Homes purchased with a VA loan must meet the minimum property requirements determined by the VA. This ensures that all homes purchased using a VA loan benefit meet the safe, structurally sound, and sanitary standards set by the VA. During the VA loan application and approval process, an appraisal<\/a> is issued by the VA and completed by a privately contracted appraiser to ensure the property meets the minimum property requirements. In some states, VA also requires an inspection for wood-destroying insects.<\/p>\n

If a house fails to meet the VA\u2019s minimum property requirements, repairs will most likely need to be made before the loan application can be approved. The VA does not have any other additional requirements for purchasing a home with a VA loan if all minimum property requirements are met.<\/p>\n

Condo in a VA-Approved Community<\/strong><\/h2>\n

Purchasing a condo<\/a> can be a great fit for military individuals or families who will most likely have to move again in a few years. Not all condos are approved by the VA, so if you are planning to purchase a condo using your VA loan benefit, you will first need to determine if the condo is VA-approved.<\/p>\n

Condos come with additional benefits, which can include perks like not having to conduct or pay for maintenance and having access to additional amenities, like a pool or gym.<\/p>\n

This can provide additional mobility for young single members of the military who have a busy social life outside of work or for retired veterans who are looking for a low-maintenance quiet community to live in.<\/p>\n

Getting a condo community approved by the VA can take months to years, and some condo communities simply do not want to go through that process, which can limit you as a buyer if you plan to purchase a condo.<\/p>\n

Multi-Unit Property of Up to 4 Units<\/strong><\/h2>\n

Looking to subsidize your mortgage payment with a rental property<\/a>? Purchasing a multi-unit property with your VA loan benefit can be a great way to do this!<\/p>\n

While you cannot purchase an investment property with a VA loan, you can still purchase a multi-unit property and immediately rent it out, as long as you are living in one of the units within the multi-unit property as your primary residence for at least a year.<\/p>\n

Upgrades to Improve Energy Efficiency of Your Home<\/strong><\/h2>\n

Energy efficient upgrades to your home can be made with a VA Energy Efficient Mortgage (EEM).<\/p>\n

Qualified energy-related upgrades to your home include the following:<\/p>\n