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I used my VA loan in Ohio and recently sold the home. Am I eligible for another VA loan now that my previous loan was paid off?

by keithwenning63 from Milwaukee, Wisconsin. Jan 31st 2017 Reply


Aiman Abozeid (aabozeid@inlanta.com)
#46 ranked lender in Wisconsin - 12 contributions

Yes you are, VA can be used several times. If you'd like to have a conversation I'd be happy to help! Aiman Abozeid Inlanta Mortgage NMLS#237450 Phone 608 203 6355

Jan 31st 2017
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David R Youngs - Assistant Vice President (DavidRYoungs)
#66 ranked lender in Minnesota - 47 contributions

Most likely yes! Your eligibility for VA loan financing comes down to something called your "entitlement." Even if you have used your VA entitlement to get a VA loan, you might be eligible to have this "restored" again for another use. As long as the previous property that had VA financing secured against it was 1. SOLD and 2. The loan was PAID IN FULL - Then you can request that you have this restored to use again. There is a simple form that needs to be completed and sent to the VA office to request this. The loan professional you work with can assist you with this as well, to make this easier on you. As always, it is important that when exploring ANY loan options to work with a loan professional that can take the time to guide you through the options and answer your questions. If you are interested in discussing things further, feel free to reach out to me for a FREE consultation at 651-636-2840 Ext 12 or email me at dyoungs@progessivels.com. Thanks for the question!

Jan 31st 2017
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Joe Becker (JoeBecker)
#60 ranked lender in Minnesota - 55 contributions

Not a problem, contact me and we can discuss Keith. Thanks!

Jan 31st 2017
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Larry Gray (lgray_312_247)
#5 ranked lender in California - 1,127 contributions

Yes, I concur you may likely get any entitlement you have used restored and have full entitlement. You might only have partial entitlement if you allowed the buying party to assume your VA loan on the purchase...unless, the party assuming the loan was another eligible Veteran.

Jan 31st 2017
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,446 contributions

You can use your VA loan multiple times. Of course, there is much more to a loan approval than just your VA eligibility. For VA loans in WI, MN, and SD, visit me at www.VALoanMN.com

Feb 1st 2017
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Yes.. Since you are using your benefit a 2nd time, the upfront funding fee is higher.. unless you have a military related disability and receiving VA disability income, then the funding fee is waived... I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Feb 3rd 2017
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