Can I purchase a home and land with a VA loan, then do a family divide to make a new parcel, where my father can build his own home on? Or would the lender not allow that?
Asked on 1/19/10, 10:49 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
What you've proposed would probably not be allowed under the VA's and/or
lender's rules and would therefore likely trigger a so-called
"due on sale" clause, but you could check with them for a more definitive
answer.
Answered on 1/25/10, 12:25 pm
