If you have purchased a home using a VA home loan, you are required to occupy the property as your primary residence for at least 12 months following the closing of the loan. After this 12-month period, you are allowed to turn the property into a rental home if you wish.

However, as you mentioned, there are exceptions to this rule. If a Veteran is unknowingly transferred by their employer and had no intention of turning the property into a rental when purchasing it, they may be allowed to rent it out before the 12 months have elapsed. This situation is usually considered on a case-by-case basis and requires approval from the appropriate authorities.

Renting out a VA home can be beneficial for several reasons. It allows the Veteran to generate rental income, which can help cover mortgage costs and other expenses. Additionally, if the subsequent rental income is substantial enough, it may put the Veteran in a position to purchase another VA home loan after the 12-month period has passed, as long as they intend to use the new property as their primary residence.

It’s essential for Veterans to follow the guidelines and regulations set forth by the Department of Veterans Affairs (VA) and their mortgage lender to ensure they are in compliance with the VA home loan requirements. If there are any doubts or uncertainties, it’s always a good idea to consult with a knowledgeable VA loan specialist or a professional like Creekside Mortgage, Inc. industry to get accurate and up-to-date information.