Is it possible to get a VA home loan to buy a second home? VA Loan For A Second Home
This is a question that comes up often, and the Department of Veterans Affairs addresses such issues in the VA Lenders’ Handbook, VA Pamphlet 26-7.
Chapter Two of the handbook addresses issues related to VA loan entitlement and reusing that entitlement to buy another property.
There are some basic issues you need to understand about VA mortgages that can help the rules in this section make sense, the first being that when you purchase a home using a VA mortgage, you are using some or all of your VA loan entitlement and you must be purchasing a home you intend to use as your primary residence.
Veterans Can Buy a Home with $0 Down
The VA Home Loan offers $0 Down with no PMI. Find out if you’re eligible for this powerful home buying benefit.