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tank412
Basic Training
Posted
Can I purchase a second home with a VA Home Loan garantee if I am currently using my certificate on my first home that I am still financing?
 
Posts: 2 | Registered: Thu 30 August 2007Reply With QuoteEdit or Delete Message
MortgageGuru
Lead Moderator
Finance Forums
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Your amount of eligibility will limit your total loan amount but you can buy a primary residence with it.

Paul
See my profile for contact information
 
Posts: 753 | Registered: Tue 20 July 2004Reply With QuoteEdit or Delete Message
JUber83
Basic Training
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I have a similar question. I have used my VA loan and will be selling this home as we move to Alabama. My question is can I use my VA Loan again and am I just as eligable as before?
 
Posts: 37 | Registered: Wed 14 June 2006Reply With QuoteEdit or Delete Message
MortgageGuru
Lead Moderator
Finance Forums
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Yes. You will need to show that the other loan is paid off if your new home loan amount is higher than your remaining eligibility.

Paul
See my profile for contact information
 
Posts: 753 | Registered: Tue 20 July 2004Reply With QuoteEdit or Delete Message
vaonlineservices
Basic Training
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This message has been edited. Last edited by: MortgageGuru,
 
Posts: 4 | Registered: Tue 26 August 2008Reply With QuoteEdit or Delete Message
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