Can You Have More Than 1 VA Mortgage?
You cannot however you can sell your current home that has a VA mortgage on it and buy a new home on the same day using VA financing. You have close on the sale of the home before you sign for the new loan when it’s done on the same day.
The way it works is that we get the Closing Disclosure from the sale of the home evidencing the VA loan was being paid off and afterwards we as the lender do a entitlement restoration.
Call or email us with any of your questions at (954) 903-7256 or [email protected] and we can help guide you on this.