Can I get another VA Loan, if I already have one?

Yes, you can obtain another VA Loan even if you've already used one before. This is known as having "second-tier entitlement." Here are a few key points about it:

  1. Remaining Entitlement: If you haven't used your full entitlement on your first VA Loan, you can use the remaining entitlement to obtain another loan.

  2. Full Entitlement Restoration: If you've paid off your previous VA Loan in full and sold the property, you can apply to have your full entitlement restored. This allows you to use a VA Loan again as if it were your first time.

  3. Simultaneous Use: In some cases, you may be able to have two VA Loans at the same time. This is typically allowed if you're relocating and need to buy a new primary residence before selling your current one.

  4. Eligibility Requirements: Even with second-tier entitlement, you'll still need to meet the standard eligibility and credit requirements for the new loan.

It's important to check with your lender and the VA to understand your specific situation and how much entitlement you have left or can restore.