If I have used my VA eligibility before, can I use it again? - valoanstexas.com

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If I have used my VA eligibility before, can I use it again?

0
08 Aug 2012
by Shirley

Previous use of VA eligibility does not prevent you from obtaining a Veteran Mortgage; however there are a few differences. Depending on your situation your previous mortgage may need to be paid off before your eligibility can be restored.

If you intend to sell your home that you previously used your eligibility on, and buy your next home shortly afterwards, then we would help you do a “rapid restore” of your eligibility.  Basically we set up the mortgage for your new home, and then once your previous home sells we will quickly get your eligibility restored through the VA so you can obtain final approval and close on your new home.

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Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Dept. of Housing and Urban Development, the US Dept. of Veterans Affairs, the US Dept. of Agriculture, Texas Veteran Lands Board or any other government agency.


*Interest rates are set weekly by the Texas Veterans Land Board and are subject to change based on when you lock your interest rate. Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. Click HERE for an example.
Shirley Mueller
Sr. VP of Veteran Lending
Specializing in Texas Vet & VA Loans
NMLS ID: 336103

3809 Juniper Trace, Suite 100
Austin, TX 78738

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.

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