Found 1 blog entry tagged as VA loan two homes at once.

One of the most commonly misunderstood aspects of the VA loan benefit is this: you don't have to sell your current home to use it again. Military families who've bought a home at one duty station and are PCS'ing to Colorado Springs often assume their VA benefit is tied up — that they have to either sell the first property or go conventional on the next purchase. Second-tier entitlement is the mechanism that changes that math, and understanding how it works can make the difference between keeping a strong rental property and selling it unnecessarily.

What Second-Tier Entitlement Actually Is

VA entitlement is the dollar amount the VA guarantees to your lender — typically 25% of the loan amount. Basic entitlement is $36,000, which covers loans up to…

53 Views, 0 Comments