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Discuss topics related to selling a home. Share wisdom if you have recently sold a home or share your tips and knowledge related to getting your home prepared to put on the real estate market, staging or tips to hiring contractors to complete home projects. Off topic discussions or comments will be moved to the appropriate thread. Product or service issues will be redirected to an appropriate channel. Product reviews should be entered on the appropriate product page. Note: Commercial advertisements are not allowed will be removed per our Community Moderation Guidelines.
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using VA home loan guarantee a second time

using VA home loan guarantee a second time

DTDubs's avatar User  DTDubs  (Opens a pop up layer) Contributor

My wife and I need to move earlier than we had planned. We used a VA home loan guarantee for our current home, which we will sell. We will need to use the guarantee again to purchase our new home, but I cannot find any information on how (if) that process works. Obviously we'll need to sell our current home before signing for a new home, but I'm confused about the timing, specifically for determining and getting VA home loan guarantee eligibility for a new loan before we sell our current home. Any insight you have would be much appreciated.

Re: using VA home loan guarantee a second time

USAA Social Service's avatar User  USAA Social Service USAA Service

DTDubs,

 

Thank you for reaching out regarding a mortgage loan via Member Community. You can purchase a second home (as long as the first one is sold) under a VA Loan. In order to discuss specifics with regards to your situation, please contact a mortgage loan specialist at 210-531-USAA (8722). Thank you. -Gus

Re: using VA home loan guarantee a second time

kcourto's avatar User  kcourto  (Opens a pop up layer) Frequent Contributor

I would not get my loan with usaa. Shop for more competitive rates
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