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Updated almost 3 years ago,
Buying a second home with VA loan entitlement
Does anybody have any experience in using the reminder of ones VA entitlement to purchase a new primary home without selling or refinancing the current VA property? I was told by my lender and even pre qualified for another VA loan but, while shopping around rates. I was told it wouldn't make it by their underwriting team. Are their an limitations on your purchase of a new primary in the VA loan requirements? I.E. does the new home need to be larger than the first, more rooms, etc. Does a more desirable neighborhood come into play when underwriting sees its a smaller home but less then a mile from the beach? Thank you for any feedback you can provide and if you know of a good lender in the central Florida area (greater Orlando area more specifically) i would welcome their info as well
Thanks again
Matt Paris