Using VA Loan Entitlements for the Second Time


TheRedheadedRealtor

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The VA home loan benefit is one of the most valuable of all benefits issued to our service members. The program itself is based upon a qualifying veteran’s initial entitlement, currently $36,000. The VA guarantees all VA loans up to four times the existing entitlement, or $144,000. For loan amounts above $144,000, the VA guarantee is one-fourth of the loan amounts up to $417,000, higher in areas deemed “high cost.”

When a veteran applies for a VA mortgage, one of the first steps is to obtain the Certificate of Eligibility or COE from the Department of Veteran’s Affairs. The COE is a document that validates the borrower’s eligibility to receive a VA loan but also includes the amount of entitlement available. What may not always be clear is that the veteran can take advantage of their VA home loan benefit over and over again, as long as part or all…

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