"Can I Buy With My VA Loan If My VA Loan Was Foreclosed Upon In The Past?"

Real Estate Agent with Cell: 703-677-1120

"Can I Buy A Home Now With My VA Loan After A Foreclosure On My VA Loan?"

Yes... No... Maybe...

You owned a home in the past that you bought with your Veterans Administration guaranteed home loan.can I refinance my VA home loan after a foreclosure 

You let the home go to the foreclosure auction block for whatever reasons... job loss... base closure... disability...

You want to know if you can buy a home with your VA loan now that you are back on your feet financially.

Yes... No... Maybe...

Yes, you can if you did not use all of your elegibility to buy the home you let go to foreclosure.  If you have loan guarantee elegibility funds available, your friendly local loan officer can help you calculate your VA loan limit.

So how do you find out how much elegibility you have right now? 


Fill out THIS FORM to obtain an updated copy of your VA Certificate Of Elegibility (COE), fill it out, and send it to your VA District Office (VADO).

My friend and local lender, Markita Aldridge-Woods sent me an example of how the formula was applied to an actual buyer who was in her office getting loan approval today.

Here is what Markita calculated for her client:

"Mr. Veteran's house cost the Department of Veterans Affairs to cover a $19,000 loss when the old house sold in 1989.

The full entitlement is $36,000 so his remaining entitlement is $17,000.

Since we are in a high cost area (the maximum VA loan limit in the Washington DC area is $768,750) we are able to add  additional entitlement to the amount and calculate the maximum allowable home sales price.

Here is the formula:

 $768,750X 25% = $192,187 Maximum Guaranty

$192,187- $19,000= $173,187 Entitlement Available

$173,187 X 4 = $692,748 Maximum Loan Amount for no money down purchase

(I don't recommend trying this at home, just pick up the phone and call 703-497-3936 to get a calculation of your entitlement directly from Markita)

Thank you Markita for your contribution, and I hope some of my Gentle Readers will use this post to begin their home purchase process with Markita and Erick as your trusted advisers.

703-590-2252 or contact me now by email Click Here 

Erick Blackwelder -Woodbridge VA 22192Peggy James Lake Ridge VA 22192


Erick and Company-Top Realtors Woodbridge VA

Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 begin_of_the_skype_highlighting              703-590-2252      end_of_the_skype_highlighting  list your property for sale or to  purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany,  Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.

Equal Housing Opportunity  

Search Immediate Delivery Homes, Foreclosure Deals, Approved Short Sales, Vacant Homes, Just Listed Homes, Just Reduced Homes, New Homes even For Sale By Owner Homes listed on the MLS Begin Here


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Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
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Click the link above to email a question to me or call me now at 703-677-1120.  



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Text or call Erick now at 703-677-1120.
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