Many veterans believe their VA loan benefit is a one-time use, but that’s a myth. You can reuse your VA loan multiple times throughout your life—even if you’ve defaulted on a VA loan in the past.
How VA Loan Entitlement Works
Your entitlement is the amount the VA guarantees on your loan. As long as your previous VA loan has been paid off (or assumed by another eligible veteran), your full entitlement can be restored.
Can You Have Two VA Loans at Once?
In certain cases, yes. If you still own your first VA-financed property but need to move, you might be able to use partial entitlement for a second home.
No VA Loan Limits
As of 2020, eligible veterans with full entitlement no longer face county loan limits—even in high-cost areas like Los Angeles, San Diego, or San Francisco.
Start Your Next Chapter
Don’t let myths stop you from using your hard-earned benefits. VA Fast Loans is here to help you reuse your VA loan and purchase your next California home. Check your eligibility with VAFastLoans.com to get started.