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I sold the property that I attained with my prior VA home loan on assumption. What is keeping my entitlement from being restored to purchase a new home?

April 26, 2017Assumption attained Entitlement home loan keeping prior Property restored sold VA

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I sold the property that I attained with my prior VA home loan on assumption. What is keeping my entitlement from being restored to purchase a new home?

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Your entitlement can only be restored if the assumer is also an eligible veteran who is willing to substitute his or her entitlement for that of your original entitlement, in this case. If not, until the assumer has paid off the VA home loan, you cannot have your entitlement restored.