If for example the household members has actually outgrown your property and needs more space, you may be wondering: Do you require your Va mortgage double? Thankfully, the answer try yes. You might fix their full Va financing entitlement by the attempting to sell your own home or paying off the loan entirely. Alternatively, you can utilize the left entitlement amount throughout the buy of the very first assets to shop for a second home one to finest provides your position.

not, there are particular Va mortgage requirements you will need to see so you can take out an alternate financial. Is a helpful, quick self-help guide to everything you need to discover reusing the Virtual assistant loan.

Virtual assistant Mortgage Entitlement: How it works

Your own entitlement 's the sum of money the Va pays to ensure the loan for folks who standard inside.