Previous Use of VA Home Loan: I have used my VA loan before, am I still eligible?

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By Frank Lozano, VA Loan Specialist, DirectVALoan.com

Yes, you can use a VA Home Loan as many times as you want. When you use the VA Home Loan for a second time you will have an increased funding fee depending on your status. You need your entitlement restored from your previous use or have enough entitlement left to cover your new purchase or refinance. To fully restore the VA Home Loan entitlement, the previous or current VA Home loan will have to be paid in full.

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