How Many Times Can You Use a VA Loan
Here at National VA Loans we often get the question how many times can you use a VA loan? Many veteran borrowers who have purchased a home in the past think that they can only use there VA home loan benefit ounce. The good news is that is not the case. Eligible veterans and military service members are able to use there VA home loan benefits over and over again. There is no limit on how many times you can use your VA loan benefit. This is a benefit you have earned for serving our country, and once you have earned it, it is a life long benefit you can use over and over again.
How Many VA Loans can I Have at Once?
Another common question we here is how many VA loans can I have at once? Is it possible to have multiple VA loans at one time? The answer is yes in the right situation. For example it is very common when an active duty service member has to move to a new service station or base. They often might have a tough time selling the old home and decide to use it as a rental property. Now that being said there are few things to keep in mind. In order to keep the current home and purchase a new home with no down payment you must have enough in your VA entitlement. It is also important to remember that anytime you purchase a new home with a VA loan that property must be the primary residence. So in the example above this is a situation where the Veteran could possibly keep the older home for an investment property and purchase a new home using his or her VA loan benefits. If you are considering or have questions about purchasing a second home with your VA loan benefits call 855 -956 -4040 to speak with a VA mortgage professional.