Moving - home (seller) in escrow - looking to purchase a new home

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Contributor

Hi,

 

I used the VA loan for my current home, which we are selling and are currently in escrow, and I am moving to a new state in less than three weeks.  I am looking to purchase a new home once I get to our new location but the information I'm seeing is the VA loan needs to be fully paid off before I can use the VA loan on my new home.

 

My current home is due to close escrow on March 25 but I would like to place an offer on a new home before the 25th (maybe around March 14th?) and start the process.  Is there a way I can do this or do I have to wait until after my current houses escrow closes to place an offer on a new house and open escrow?

 

Thank you

1 REPLY

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Yohoe,

 

A bank team member will be reaching out to you. Thank you for your comment.