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If I've had a VA loan before, can I get another one?

I used a VA home loan about 12 years ago to buy a home and now I'm looking to buy another house. I was curious if I could purchase another house with a VA loan by garrettmit805 from Bidwell, Ohio. Mar 10th 2015 Reply


Daniel Walsh (dwalsh)
#51 ranked lender in Ohio - 11 contributions

Hi Garrett,You can definitely qualify for a new VA loan. Please feel free to contact me via email at dwalsh@bankingunusual.com or you can call me at 513.618.6563. Thanks!Dan WalshPeoples BankSenior Mortgage Banker

Mar 10th 2015
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Stacy Rowlett (srowlett@primeres.com)
#90 ranked lender in Utah - 3 contributions

Hi Garrett - A lot of veterans don't realize that they can use their VA mortgage benefit over and over, so long as they pay off their previous mortgage. You can use it as many times as you would like.If you would like to keep your current home, which you purchased with a VA mortgage, and purchase another home with a VA mortgage, that is possible, too, depending on the amount of entitlement you have left, and the purchase price of your new home.In order to have two VA mortgages at the same time, the VA mortgage for your second purchase must be at least $144,001. There are a few other guidelines, as well.I'd be happy to assist you with any other questions you have. You can contact me at srowlett@primeres.comBest of luck with your home search.Stacy RowlettPrimary Residential Mortgage

Mar 10th 2015
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Pete Bass (PeteBass)
#31 ranked lender in Connecticut - 476 contributions

Hi Garrett!Thank you for your Service!Yes, you can use your VA eligibility to purchase another home. Depending on if you are going to sell your current home or purchase another home there are guidelines to adhere to. For more information you can e-mail me at pete.bass@everbank.com -

Mar 10th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

Yes.. but understand that the VA lending fee is different for first time users vs. 2nd or 3rd time users.. It's more.. (unless your a disabled veteran receiving VA disability, then the fee is waived). If you still have that property and it's still secured by VA, then depending on your remaining entitlement, you might need a down payment.. (More info needed).. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 10th 2015
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Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 597 contributions

Yes if you are not funding fee exempt the upfront funding fee will be a little larger on this loan. You will want to pull a certificate of eligibility on yourself to make sure the old lender zeroed out the balance on that mortgage and restored your entitlement.

Mar 10th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

Yes as long as you have VA entitlement left. You can order your Certificate of Eligibility from VA at https://www.ebenefits.va.gov/ebenefits/homepage or when you find a local lender you would like to use they can order this for you and usually get it same day. Just have a copy of your DD214 ready. Best wishes, Sean

Mar 12th 2015
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