Saturday, March 15, 2008

VA Loans

I wanted to post a question I have recently encountered. We purchased our current home under a VA Loan and are about to purchase a second home with another VA Loan. What restrictions might come up when trying to do this?

1 comment:

Andrew Hansz PhD CFA MAI said...

Cora, The VA will guarantees a loan for certain veterans. I have a student in the M W F class who is a veteran and he mentioned that he could only have one VA guaranteed loan at a time, so this might be a big restriction. The VA guarantee type or specifics depends on the time period that you served in the military. His deal might be different than yours.

Anyone else serve in the military and have this benefit?