- March 6, 2020
- Posted by: EWTAZ
- Category: VA Loans:
Can I Use My VA Eligibility More Than Once?
As the video explains – under the right conditions, yes.
Eligible veterans may qualify for another VA loan, if you completed payments your old VA loan or your prior VA loan was ‘paid in full’ AND you no longer own the property.
In either of these cases, you will need copies of the paperwork such as a “paid-in-full” bank letter or copy of the HUD-1 Settlement Statement.
If you are still in the home you purchased with a VA Loan but at a prior high interest rate check into interest-rate reduction financing first which doesn’t require re-establishing your VA loan eligibility – before pursuing a new VA loan.