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I heard it, sorry to pass it on without checking on it. I checked the VA website:
Can I use a VA Loan for a houseboat?
No, a VA Home Loan cannot be used for a houseboat.
I do know that you can turn in a Boat payment as a eligible for BAH, here in Japan it is almost $3,000/ month. Also if you own a boat they will pay mileage for a ditty move, even from the States to say Japan. This I do know.. It was actually in the book.
Again sorry to pass info on what someone said without checking first, I know better. Yes to good to be true.
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