Can your VA Home Loan be used more than once?

2018-08-29T14:46:33-04:00

Not to get to personal into things but here is my question:

Can your VA Home Loan be used more than once?

I used my VA Home Loan a few years ago and sadly, because of some circumstances, I lost the house. I'm just wondering if I can try to use it again or it is a once and done type thing?

Response by SGT Joseph Gunderson made Aug 29 at 2018 3:24 PM

2018-08-29T15:24:12-04:00

Last I heard you could use the VA home loan benefits up to three times.

Response by SP5 Peter Keane made Aug 29 at 2018 4:46 PM

2018-08-29T16:46:04-04:00

The guarantee amount will be reduced by the previous loan guarantee amount if it wa not fully discharged.

Response by SGT Tony Clifford made Aug 29 at 2018 5:18 PM

2018-08-29T17:18:09-04:00

You can get a VA loan multiple times, so long as you don't have an active VA loan. I'm currently looking at houses. If I buy one, it would be the second time I have taken out a VA loan.

Response by SGT Private RallyPoint Member made Aug 29 at 2018 10:34 PM

2018-08-29T22:34:31-04:00

“Fortunately, there is no limit on the number of times a veteran can use the loan program.”
VA loans aren’t always the best option, depending on your personal needs and finances. However, you can use the benefit without limit, per guidelines.
Best of luck.

https://www.vamortgagecenter.com/second_va_loan.html

Reusing VA Loan Benefits - How Many Times Can You Use a VA Loan?

VA Loan benefits can be used multiple times. Learn how you can reuse your benefits on a second VA Mortgage and what you need in order to be eligible.

Response by SFC Harrice Moore made Oct 9 at 2019 9:22 PM

2019-10-09T21:22:21-04:00

I can be used again. There is a waiting period which depends on the circumstances of how you lost your home.

Response by PO2 Jen Guthrie made Oct 9 at 2019 9:43 PM

2019-10-09T21:43:09-04:00

Not if you lost your VA loan to foreclosure, I believe.