Can a buyer have two VA loans at once?
Can I purchase a home without PMI and only put down less than 20%?
Yes, 2nd home purchases can be as low as 10% down plus there are some very affordable PMI options for buyers with great credit scores. USDA, FHA, and VA are not usually used for 2nd home purchases because they are mainly used for primary residences.
Isn't there a time that the seller must own a property so that the buyer can use an FHA loan?
Yes, it is called FHA Flipping Rules. It is pretty flexible but it flat out must be longer than 3-6 months and may require a 2nd appraisal depending on the acquisition costs and how much they are selling it for.
Senior Loan Officer