Can I purchase again using my VA benefit after having a VA loan foreclosure

The answer is yes! As long as the Foreclosure took place more than 2 years ago and the Veteran is able to provide a signed letter of explanation going over the extenuating circumstances which led up to the foreclosure and how things have improved since. The circumstances which led up to the foreclosure must clearly show that they were out of the Veterans control (severe Illness, Job loss, Etc.).

The VA will more than likely require a small down payment and will have a max loan amount based on the City and State in which the Veteran is looking to purchase (Tier II eligibility).

Andre Enriques has been helping veterans obtain VA Loans across the State of California for over 16 years, specifically in the Chula Vista and San Diego area. For more information about VA Loans, or to be pre-approved today, call us at (619) 208-6499 or fill out the form on this page.

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