Buying a second home?On August 2012, I bought my parents a house worth 220,000 under my name using a VA loan from USAA. At this time, this was also going to be my primary residence so getting a loan approved as primary was no problem. I just found out my finance and I are pregrant and therefore we would like to buy our own home. We would like to buy sometime in the summer of 2013. My current credit score is 716. I have a few questions. 1. How soon after the 1st purchase can I buy a second home?2. Due to income limitations, I know I will not get approved for a second home unless I turn the 1st home into a investment property. What is the process to begin this? Is there any negative effects to my mortgage?3. Can I purchase the 2nd home as the primary residence and therefore receive those interest rates?4. Can I use a VA loan again to purchase the 2nd home?September 12 2012 - Belleville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.