Which type of property can be purchased using a VA home loan?

The correct answer encompasses the broad range of property types eligible for purchase using a VA home loan, which includes single-family homes, condominiums, and multi-unit properties. VA loans are designed to enable veterans and eligible service members to access affordable housing options.

Single-family homes are the most common type of property purchased with a VA loan; these are traditional residential structures. Condominiums also qualify, but they must meet certain criteria set forth by the VA, ensuring that the condo project is approved for VA financing. Additionally, multi-unit properties, such as duplexes and triplexes, can be financed with a VA loan, provided the borrower occupies one of the units as their primary residence.

This comprehensive eligibility facilitates greater housing flexibility for veterans and service members, allowing them to invest in various living arrangements that suit their needs and lifestyles.