Can I have more than one VA home loan at a time?
Are you a Veteran thinking of purchasing a home? Have you used your VA Home Loan eligibility previously?
Good news! You may be able to utilize your VA Eligibility again if you are purchasing a home which will become your main residence.
Many Veterans think that once they use their VA eligibility they can not use it again to purchase another home. Depending upon your situation, many Veterans find out they still have eligibility remaining and can purchase another home.
Why would you want to use a VA home loan? One of the biggest advantages of using this loan is it require a zero down payment/no money down for loans within the local maximum lending amounts.
Another benefit of a VA Loan is that if you have a disability rating with the Department of Veterans Affairs, you are no longer required to pay the "funding fee" which is usually associated with using this loan.
To find out more about your VA loan eligibility follow this link: http://benefits.va.gov/homeloans/purchaseco_eligibility.asp
If you would like to know more about using a VA Home Loan to purchase your next home, please give me a call and let's discuss the opportunities.
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