Can I Use My VA Loan More Than One Time?

Eligible veteran homeowners can use their VA entitlement to buy or refinance property as many times as they would like.  A general rule of thumb however, is that you can only have one active or outstanding VA loan at any given time.

As we've mentioned above, there are minor instances where a veteran could have more than one outstanding VA loan a time but those cases are few and far between.  Here is a standard example of how you could use your VA loan more than one time.  In 1995 you bought a home with a VA loan, then in 1997 the VA streamline refinance keeping your VA loan active and getting a lower interest rate.  Around the year 2000 decided to cash out some equity and you refinance with a conventional loan and took $50,000 of your home equity.  In 2003 you decided to move but we're going to keep your original home which was bought in 1995 and rent that out to someone else.  You could use a VA loan to purchase a property in 2003 because the original VA loan and pay off with a conventional loan in the year 2000.

Get answers to your other VA loan questions here.