Sponsored Links


VA Loan Occupancy Rules

There are actually VA Loan Occupancy Rules in place for most properties that you get with a VA Insured Loan.  In fact, the rules are based upon actual law related to the borrower’s occupancy of the property that they are getting a VA-backed mortgage loan for.

The law requires that the veteran or veteran’s eligible surviving spouse must certify that they intend to occupy the property that they are obtaining a VA guaranteed loan as their actual home.

Further, in a refinance situation, the veteran must certify that they are in and intend to continue to occupy the property as their home.

And, in a new loan situation, the veteran must certify that upon completion of the loan and acquisition of the dwelling for the property being mortgage, they will occupy the home.  Then, within 60-days (or whatever is deemed to be reasonable by the VA) of the closing of the loan, they will occupy the property as their home.

The above rules apply to all VA guaranteed loans except Interest Rate Reduction Refinancing Loans (IRRRLs).  The certification requirement for Interest Rate Reduction Refinancing Loans is that the veteran has previously occupied the home.

Please remember  that VA Loan Occupancy Rules are set up, for the most part, by law so the VA has no choice but to enforce them.