Tag: entitlement

Veteran Pays Off Current VA Loan – Can They Get Another?

Question: Our client used VA financing to buy their home.  They want to keep this home and purchase another home.  Are they able to use VA maximum financing on the new home? Answer: Good News! Yes they can, on a one-time-only basis. Please see below from VA’s FAQ’s Q: I have already obtained one VA […]

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Seasoning Rules for VA loans – Refinance

Question: Our client took out a bridge loan to use as a down payment on a new home before selling their departing residence.  Now that  their former home is sold and the entitlement is restored, does the 6-month seasoning requirement still hold since the loan being paid off is a non-VA loan? Answer: Unfortunately, the […]

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