If your relatives has outgrown your house and needs extra space, you might be questioning: Can you use the Virtual assistant financing twice? Fortunately, the answer try sure. You might heal the full Va loan entitlement by offering the house or repaying the loan completely. Instead, you may utilize the remaining entitlement matter regarding purchase of your own earliest possessions to invest in the next domestic one best serves your needs.

However, there are certain Va financing standards you will have to fulfill so you can remove a different sort of financial. Is a helpful, short self-help guide to everything you need to know about reusing your own Virtual assistant financing.

Virtual assistant Financing Entitlement: How it operates

Their entitlement ‘s the amount of money the fresh new Virtual assistant pays to make sure the loan for folks who default inside.