But there are some things you might not know!
~You can use your VA loan more than once! Many military members intend to use their VA loan for their "forever home". But it's actually designed for first-time homebuyers! Even if you use your VA loan on one home, you are still entitled to use it again and again and again! And, you can use it more than once at a time! Military members move around! That's the lifestyle. But just because you have a home in California that you bought with a VA loan, doesn't mean that you can't simultaneously have a home in Jacksonville, NC with a VA loan!
~You only need 90 days of active duty service during wartime to qualify to use your VA loan! And, you don't need perfect credit (although it doesn't hurt!!)
~The VA isn't lending you the money- they're only backing it up for you, kind of like insurance. So you can still shop different lenders for the best interest rate!
~They are for primary residences only. However, military members move around- a lot! So after a reasonable amount of time, it can be used for a rental home if necessary.
For more information on how to utilize your VA entitlement to buy a home, give me a call! I can recommend lenders in the area who are familiar with VA loans and who have worked with my military clients in the past!
