for those of you who don't know this, VA loans are only for certain types of homes if you are planning to buy a fixer upper or a working farm, the VA loan may not be for you. don't bother trying to use your VA loan benefits to buy an investment property. the VA loan is mainly designed for properties I a "move in ready" conditions including single family homes, condos, and modular housing. VA loans are a primary residence, with few exceptions.