A VA loan can be used multiple times as long as the loan is used for a purchase or refinance of the Veterans primary residence and there must only be one VA insured loan at a time. Whenever a VA loan is paid off thru either sale or refinance, the Veteran would need to apply to fully restore their VA entitlement before they are eligible to use it again.
In some cases(job relocation, change of duty station, Etc.) a Veteran can have more than one VA insured loan at a time. The max loan amount guaranteed by the VA would all depend on how much entitlement the Veteran has left on their certificate of 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.