Plus-5
Can You Have Two VA Loans at the Same Time?
Can you use your VA loan benefit again without selling your current home? Some eligible veterans have enough remaining VA entitlement to purchase another primary residence while keeping their first home, even as a rental. In this Plus-5, we look at a real-world example of how that can work.
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Read the transcript
Did you know you can have two VA home loans at the same time?
Most veterans know they can reuse their VA benefit after selling their home. But here's something you may not know.
I worked with a veteran who bought a modest starter home using his VA benefit. As his family grew, they needed more space.
But instead of selling that first home, he decided to keep it as a rental.
Here's what made that possible. The VA loan program allows for considerably more borrowing capacity than you might realize. Because his first home used only part of his VA benefit, he had enough leftover to buy his next home using another VA loan.
Of course, he still had to qualify with both mortgages.
But here's the takeaway: you don't necessarily have to sell your current home to use your VA benefit again.
And remember - it's always okay to ask. We're here to help you get home.