a VA refinance WITH a VA purchase ......

[Michael Dunn]

Good Evening,

I have a question please , regarding the use of my VA Loan for FIRST a refinance on my Primary residence ( which was purchased using an FHA loan ) , and then when I can SECONDLY us my VA loan again for the Purchase of my Next Primary ?

A brief rundown on my current situation:

I purchased my Primary residence back in December of 2015 with a FHA loan

I am wanting to use my VA loan for a refinance on my Primary ( since I was told that you can get 100% of the Equity out , when you use the VA loan for a refi.

My main question then is ...... If I go ahead at the end of this month ( July ) and do the refi. using my VA loan , when then would I be able to use my VA loan for the Purchase of my next Primary residence ?

Is there a 1 year waiting period between each time you use your VA loan ? Or would this not matter in this case, since i'll Firstly be using it to refi. and then look to use it for the purchase of my next primary residence ( around Jan. of 2017 .... which will be right around the 1 year mark that is required , before I could sell my current primary and then look to purchase anther )

Thank you for any and all input and help