Can You Have Multiple VA Loans?
The VA Home Loan benefit that Veterans earn is not a one time benefit. You can use your benefits again after you get your first VA loan on your primary residence. You may qualify to have two or even three or more VA loans at the same time. Some lenders don’t know how to do these kinds of loans. Some lenders will only give you a VA loan if you have full entitlement but that’s not how the VA government agency loan program works. These loans require careful calculations of your remaining entitlement, VA eligibility and debt to income ratio. If others have said no, don’t give up! It is possible to get multiple VA loans for the same Veteran.
VA Lending With HomePromise
The VA Home Loan benefit is the best mortgage choice for military members, Veterans or a surviving spouse. For almost every Veteran or service member, it is a better choice than a Conventional, FHA, or USDA loan. Best known as a no-money-down loan, the VA Home Loan benefit provides a low-fee option for active military members, Veterans, and surviving spouses meeting the eligibility requirements set in place by the Veterans Administration. So, if you’re a veteran buying your second home or an active duty military member buying a second home at a new duty station, please call us at 800-720-0250.
I just want to thank you very much for your work to help us refinance our loans. I know you had to do so much work for us and we really appreciate it. If I know anyone who wants to buy a home or refinance I will do my best to refer you to them. Again, thank you very much.
This company out did themselves in my expectations. They were not pushy; they waited on me and kept contact with me even when I wasn’t sure if I was going to be able to refinance. I had a wonderful experience and highly recommend them for your next mortgage needs!
My mother recently had a refinance with HomePromise. The process was easy for her (and I) to follow. The loan representative was very helpful and responsive for the entire process and explained everything. I would definitely recommend this company.
I am a Veteran and they helped me understand the best options with my VA loan. They were great all through the process. I will definitely be telling others about Home Promise.