How long does it typically take to restore your VA loan entitlement after selling your previous home?

CPT Private RallyPoint Member — Sun, 01 Sep 2019 11:38:37 -0400

We are in the process of selling our current home and the payment from the sale should be wired to our current lender at the end of the week. I understand that I can apply to have my entitlement "restored" through the eBenefits portal. Has anyone gone through this process lately? About how long does it take from the time you apply in the system? Thank in advance.

Response by CPO James Colomb made Sep 1 at 2019 11:39 AM

CPO James Colomb — Sun, 01 Sep 2019 11:39:23 -0400

Took me about 30 days

Response by CW4 Craig Urban made Sep 1 at 2019 12:12 PM

CW4 Craig Urban — Sun, 01 Sep 2019 12:12:55 -0400

I still have 400K. On my va loan

Response by CW4 Craig Urban made Sep 1 at 2019 12:14 PM

CW4 Craig Urban — Sun, 01 Sep 2019 12:14:51 -0400

How can you be a LT P. Captain is automatic.

Response by LTC Jason Mackay made Sep 1 at 2019 12:39 PM

LTC Jason Mackay — Sun, 01 Sep 2019 12:39:21 -0400

My last lender told me they could work directly with the VA and make it happen for an afternoon closing after closing the house I was selling in the morning..

Response by SGT John C. made Sep 1 at 2019 6:00 PM

SGT John C. — Sun, 01 Sep 2019 18:00:46 -0400

July of 2018 we signed papers in the morning, effectively disconnecting us from the VA Loan we were attached to. That same day, we drove 2 hours to another attorney office, and signed papers to purchase another home using my VA Entitlement. Since all the paperwork was handled by the separate offices, I was told that as long as I sold the previous property, that everything would be fine as far as the VA was concerned. It is now September 2019, and we have not been informed of any issues.

Response by 1SG Thomas Jasak made Sep 2 at 2019 10:16 PM

1SG Thomas Jasak — Mon, 02 Sep 2019 22:16:34 -0400

happened the same day

Response by MSG Carl Crump made Sep 4 at 2019 7:57 PM

MSG Carl Crump — Wed, 04 Sep 2019 19:57:25 -0400

You should receive a card restoring your va loan. However your fibancrvcompany or bank can figure it. Dont wait, apply now.

Response by SGT Richard Garza made Sep 10 at 2019 3:02 PM

SGT Richard Garza — Tue, 10 Sep 2019 15:02:52 -0400

Immediately, no wait. You can also buy another home without selling your current VA home.