Can a VA benefit be used more than once

Can a VA loan benefit be used more than once. Ask me about interest-rate reduction refinancing on your existing VA loan. This is a great advantage and there’s no need to re-establish VA loan eligibility. You may also re-use 100% of your VA loan eligibility for another VA loan.

The requirement here includes having completed payments on the previous note, and you must no longer own the property. When applying for re-eligibility, include copies of the paperwork that proves your old VA loan has been paid off-a “paid-in-full” letter from your bank, or a copy of the “HUD-1 settlement statement.” If you currently have a VA loan and have partial entitlement left, there is a worksheet that must be completed to come up with your max eligibility and how much down payment will be needed, if any.

We mainly serve but are not limited to assisting clients in Chula Vista, Imperial Beach, Spring Valley, Carlsbad, Oceanside CA, and the surrounding areas. To learn more, please submit your information on the quick quote to the right, or get in touch via our website.

Our Promise To You

My team and I promise to make the process of securing a mortgage loan simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.

Buying a home in Chula Vista, San Diego, Miramar, Point Loma, El Cajon, Lakeside, Oceanside, Santee or anywhere in our great State of California is a big investment. We promise to be there with you every step of the way. Our company has been in this business for a long time, and we invite you to put our experience and expertise to work for you.

Remember not every Mortgage Lender is created equal, experience lower rates and superior service by working with my team and I. We look forward to assisting you with your mortgage needs and providing you with the honesty, integrity, and professionalism you deserve.

If you should have any questions about VA Loans or about this process and would like to schedule an appointment, please click here or call me at 619-208-6499.  I am here to help you at either my Chula Vista office or my San Diego Office.