After helping veterans for a long time, I've noticed three misconceptions that are holding them back from investing in real estate. Let's dive in.



Myth number one: limited use. A VA loan isn't just for buying a single family home. You can also use it to finance a condo, build a home, or tap into your equity. On top of that, you can even grow a rental portfolio by buying multifamily properties.




Myth number two: you can only use the VA loan once. Truth is, you can actually utilize the VA loan multiple times as long as your entitlement covers it.



Myth number three: you need perfect credit. The VA doesn't actually set a minimum credit score, but most lenders prefer six 20 or higher. This loan is also way more lenient if you have a past bankruptcy or foreclosure to the brave men and women of the armed forces. Thank you. Now go out there and take advantage of the benefits you earned.

 

                                               Questions about selling your house?

                           Contact The Lowry Team today! Call or text 513-586-6900

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