Only a portion of my eligibility is available at this time because my prior loan has not been paid in full even though I dont own the property anymore. Can I still obtain a VA guaranteed home loan?
Yes, depending on the circumstances. If a veteran has already used a portion of his or her eligibility and the used portion cannot yet be restored, any partial remaining eligibility would be available for use. The veteran would have to discuss with a lender whether the remaining balance would be sufficient for the loan amount sought and whether any down payment would be required.
Related Questions
- Only a portion of my eligibility is available at this time because my prior loan has not been paid in full even though I dont own the property anymore. Can I still obtain a VA guaranteed home loan?
- I sold the property I obtained using my prior VA refinance loan on an assumption. Can I get my eligibility restored to use for a new loan?
- Can a veteran obtain a VA home loan for the purchase of property in a foreign country?
