Return to the VA Loan Library

Getting a Second VA Loan

VA loan borrowers are the first to praise its benefits. The VA Home Loan program dwarves the advantages - if there are any - of conventional mortgage options. As such, VA loan users always turn to another VA loan to refinance or buy a new home. There is no maximum on how many times a borrower can use the VA Home Loan program. However, the process of getting a second VA loan is not a facsimile of getting the first one.

Make a VA Loan Request Today

Take the first step in your VA Loan by getting in touch with a VA Specialist.
We are not a Government agency. No obligation. It takes 2 minutes.

Why Can I Get a Second VA Loan?

VAMortgageCenter Flag

It may shock VA loan borrowers, but it is possible to capitalize on the VA Home Loan program more than once. Even for veterans who used all of their entitlement, the program is available for a second time. The basic eligibility requirements must be fulfilled again, and the VA loan must be issued by a VA-approved lender. Veterans who pay their mortgage and never default cost the VA nothing. Remember that the VA insures these loans, and when a borrower does not default, it costs the VA nothing. Therefore, the VA is willing to guarantee more loans for that borrower in the future.

To get started, check out our VA Loan Request Form.

Funding Fee Differences for First and Second VA Loans

The small VA Loan Funding fee keeps the loan program afloat. There is a chance that borrowers can roll the fee into monthly payments rather than paying it upfront and out-of-pocket.

  • Regular military veterans who make no down payment pay a 2.15 percent funding fee the first time, and 3.3 percent the second time. If they make a down payment, the fee is smaller.
  • The first-time funding fee is 2.4 percent and 3.3 percent for the second time for reservists who pay nothing down. Again, these percentages drop if there is a down payment.
  • For refinancing a mortgage loan, the percentages are the same. See more information about Refinancing an Existing Loan.

Making use of your VA benefits, such as the VA Home Loan program, comes with a plethora of financial benefits.

VA Home Mortgage Representative

VA Loan Specialists

VAMortgageCenter prides itself on being one of the premier VA loan lenders. Gives us the chance to prove how much we value your path to homeownership. We're experts at handling VA loans, so get started today, or call us at 800-405-6682.

Still Have a Question?

We're available six days a week to answer your questions and concerns about VA Home Loan program. You can contact a VA Mortgage Specialist online, or call us at 800-405-6682. Our experts will make sure that a VA loan is the best option for you before moving the process along.

Getting Started is Easy

(Estimate is OK)
First Name Last Name (Recommended)


By submitting this data, you consent to receive phone calls from one of our VA mortgage specialists. If you supplied a cellular phone number, you also consent for VA Mortgage Center to call you at that number. Your consent is not a condition in order to qualify for a loan.

HACKER SAFE certified sites prevent over 99.9% of hacker crime.
Finish Button

We are not associated with any government agencies. Not Available in AL, MA, NY or VA.
Mortgage Research Center – NMLS #17094

Featured on... box arrow