Using a VA Loan for a Mixed-Use Property: What Veterans Need to Know
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Many veterans dream of owning a property that doubles as a home and a business, but using a VA loan for a mixed-use property comes with strict rules. The VA requires that the residential portion be your primary residence, and the non-residential area can't exceed 25% of the property's value. This means that if you're looking at a storefront with an apartment upstairs, make sure the living space is the main feature. Understanding this can help you avoid wasted applications and find a lender fami…