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Is it ok to have 2 VA loans at once or does this hurt my credit

by khaleesigot09858 from Littlefield, Arizona. May 22nd 2015 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

It wont hurt your credit, but understand that your entitlement must be enough to cover both loans.. Also, VA is only for owner occupied properties.. so this will only work if you have had the existing VA property for over a year and you're purchasing a new property you intend to live in. The formula to determine your remaining entitlement is a bit tricky, so if you want me to calculate it for you, just give me a call, but in general, for zero down.. you combined purchase price for both properties must be under $417K to take full advantage of VA financing.. you can go higher, but you would need to put money down.. how much down? Well that's another tricky formula.. 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

May 22nd 2015
Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

If you have some additional questions and need to see if getting a 2nd VA loan is doable in your situation I would call William Acres. He can answer this for you and any other questions you may have. Sean

May 25th 2015
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