using VA home loan guarantee a second time
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.
User USAA Social Service USAA Service
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