How soon must a borrower move into a property when applying for a VA loan?

When applying for a VA loan, a borrower is required to move into the property within 60 days of closing the loan. This timeline is an important aspect of VA loan requirements, as the loan program is designed to promote homeownership among veterans and active military members. The 60-day time frame ensures that the loan is used for its intended purpose of purchasing a primary residence, affirming the commitment of the borrower to live in the home rather than using it as an investment property or for other non-primary residence purposes.

This requirement is part of the broader guidelines that govern VA loans, which include eligibility, occupancy, and the intended use of the property, all aimed at supporting the unique needs of veterans. The options representing shorter and longer time frames do not conform to the VA's guidelines, making the choice of 60 days the correct one. By adhering to these requirements, the integrity of the VA loan program is maintained, and it continues to serve its purpose effectively.