Financing in Jacksonville>Question Details

The Mortgage…,  in Orange Park, FL

2nd use of our VA loan what is involved?

Asked by The Mortgage Man Mr. Will from Jacksonville, Orange Park, FL Thu Dec 29, 2011

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The VA loan was not set up to be multiple use friendly. With each time you use it your funding fee goes up significantly. Make sure your previous VA loan was paid off and make sure that your mortgage lender knows that you've had a previous VA mortgage. You will be limited to whatever your benefits allow for your loan amount.
1 vote Thank Flag Link Fri Dec 30, 2011
I have a lender that can offer prior military a loan with only a 1.75% funding fee which is less than the funding fee on VA loans. If you would like for me to give you her contact information, please email me at deannaknowsrealestate@hotmail.com

I would also like the opportunity to help you find your next home. I look forward to meeting with you soon.
0 votes Thank Flag Link Sun Jan 1, 2012
If your previous VA mortgage is paid off, then you have eligibility for another. You just need to go on VA's web site for another eligibility certificate. You will need to use a lender that knows VA mortgages.
0 votes Thank Flag Link Thu Dec 29, 2011
Hi Will,

You can contact this lender, they are experts with VA Mortgages:

http://www.VAMC.com

All the best,
Alma
http://www.SoldOnTampa.com
0 votes Thank Flag Link Thu Dec 29, 2011
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