A VA loan may be granted for the purchase of what type of property?

A VA loan is designed to help veterans, active-duty service members, and certain members of the National Guard and Reserves finance home purchases. The key feature of a VA loan is that it can be used not only for single-family homes but also for properties that are classified as multi-family, specifically up to four units. This means that veterans can purchase a property that has multiple living spaces, as long as they occupy one of the units themselves.

This characteristic of VA loans allows veterans to potentially generate rental income from the additional units, making it an attractive option for those looking to invest in real estate while securing a home for themselves. It is important to note that properties more than four units or those intended for commercial use do not qualify for VA financing, which is why the other options are not valid in the context of VA loans.