VA Second Tier Entitlement or Conventional?

[Patrick Mulligan]

Hi, I am new to learning about VA Second tier entitlement. I currently have a SFH which is under VA home loan which I got for $281,500 in California. I am looking into which route I should take or if it is a feasible route. Either I try for second tier entitlements or try and convert to a conventional with my current home. Need advice and input. Thanks.

[Antonio Hernandez]

Hey Patrick,

I just recently purchased my 2nd home with VA loan, kind of.

I ended up having to use a combination of CALVET and VA loan because my second home was more that the limit allowed by VA. If the pricewould have been $20k less I would have been good with just a VA loan.

So depending if you're looking at a larger more expensive house, I wouldn't refi the 1st one as I'm sure your interest rate is pretty low, plus adding closing cost would add more $ being refinanced.

Using someone else's money is always better, that using your own.

 Just my two cents.