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Can I use my VA benefits more than once to purchase a home?

by byron40 from Ladera Ranch, California. Mar 24th 2016 Reply


Larry Gray (lgray_312_247)
#596 ranked lender in California - 1,139 contributions

Yes. As a qualified buyer you have 2 levels of entitlement, a portion of which is applied whenever you purchase a home. Depending on how much is left over, it's actually possible to retain and rent out that first home and purchase again with no down payment. Particular in regards to moving up in home value, you might be able to take advantage without having to sell your current residence. Any further questions I can be reached via my profile. I am an active member of S F Veterans Lions Club in CA.

Mar 24th 2016
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David Schwartz (davids)
#512 ranked lender in California - 24 contributions

Yes you can. You are required to have paid back your original VA loan. other than that it is completely doable. Quick and easy with a good VA lender. David Schwartz714-227-5087

Mar 24th 2016
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Lorne Harvey (lorneharvey)
#80 ranked lender in Washington - 431 contributions

Yes, and if you are not exempt from the VA funding fee, then the subsequent use funding fee is higher than the first time. However, if you have a service connected disability, then you may be exempt from the funding fee...

Mar 25th 2016
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