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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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