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Buying 2 homes with VA loans

Can I use VA loan to buy a second home? by jandrese91 from Shady Side, Maryland. 12 days ago Reply

Sara Deere (Mortgagequeen2)
#1 ranked lender in Missouri - 604 contributions

It is allowed but only if there is a net tangible benefit. For instance you have a primary home and have a job transfer where a second home is closer to the work place. Normally VA loans are used for primary residence.

6 days ago
John Burke (jburke)
#1 ranked lender in Texas - 233 contributions

Hi @jandrese91,It depends on the situation. If you plan on selling your current home and buying a new one, yes you can do that all day going VA. If you plan on keeping your current home & converting it into a rental, yes, you can buy a new home with VA.If you're trying to buy a true second or vacation home with your VA entitlement, it's probably not going to happen.| John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Great Plains Bank | | (877)228-9069 | NMLS# 787231 |

5 days ago
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