Use Your Remaining Entitlement To Get A Second VA Loan

If you have had a VA loan in the past, you might have some “remaining entitlement” which can be used to obtain another VA loan. At the present time, eligible veterans have an amount of entitlement equal to $36,000.

This amount has increase gradually over time. Veterans who purchased a home when the entitlement amount was less can use what was left of their entitlement then and add it to the difference based upon the current level. This would allow you to have a adequate entitlement to get VA loan financing. Also, bear in mind that if you want to obtain a loan of $144,000 or more, you can access a maximum amount of entitlement equal to $50,750.

In addition, most lenders will require that a combination of the guaranty entitlement and any cash down payment must equal 25% of the reasonable value or the sales price of the property, whichever may be less.

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