Getting a Second VA Loan
Veterans who have used the Home Loan Program are aware of how beneficial it is in helping them get a mortgage loan to buy a new home. That is why so many veterans come back to the VA for refinancing or to obtain a loan for their next home. The VA Home Loan Program has no limit on how many times a veteran can use the program but there are some differences to consider between the first time and the second time you use the program.
Get Started With Your VA Loan Request
Take the first step toward your VA loan by getting in touch with a VA specialist.
You may be wondering how you can use the program more than once if you have already used your entitlement. The VA Home Loan Program is available to veterans even if they have used their full entitlement as long as they are able to meet the basic eligibility requirements and get a mortgage loan through a VA approved lender. The VA guarantees the loan for the veteran to make it easier to obtain their mortgage, view our VA Loan Request Form. As long as the veteran pays their mortgage and never defaults it does not cost anything for the Veterans Administration, so they are willing to guarantee more loans for the same veteran in the future.

The second time a veteran uses the VA Home Loan Program the funding fees are different. The VA requires funding fees to be paid by veterans using the program in order to keep the Home Loan Program running. These fees can be calculated into the mortgage instead of coming out-of-pocket. The difference between the fees the first and second time you get a loan is:
Differences Between First and Second Loan
- For regular military veterans with no down payment the fee is 2.15% the first time and 3.3% the second time. These percentages are lower if there is a down payment.
- For reservists with no down payment the fee is 2.4% the first time and 3.3% the second time. These percentages are lower if there is a down payment.
- The same percentages apply for refinancing a mortgage loan.
The VA Home Loan Program is a valuable tool that is available for veterans to use for more opportunities for home ownership.
See a related article: Refinancing an Existing Loan

VA LOAN SPECIALISTS
We are the online VA loan specialists. It is our goal to ensure that your VA home loan process goes as smoothly as possible. Let us help you get the process started today online, or call us at 800-405-6682.
HAVE A QUESTION?
If you need advice concerning Veteran Home Loans, feel free to contact a VA mortgage specialist online or call 800-405-6682. Specialists can help determine whether a Veteran Home Loan is the best financial decision for you.




