Thank you for your service.
You can actually buy with another VA Mortgage using your VA 2nd tier or bonus entitlement!
Depending on how much 2nd tier entitlement you have available you may be able to buy with no money down!
Another great thing is even if you do need a down payment it's going be pretty cheap.
Here's what I mean. Let's say you have enough entitlement left to buy another home for $200,000 without a down payment but the home you really want is $230,000. You would only need 25% of the difference for a down payment so that's only $7,500!
One more great thing about the VA program in cases like these is if you convert your current home into a rental property we can actually count the rent as an offset for that mortgage payment to make it easier to qualify for the new VA mortgage.
You can find more information on the VA 2nd tier or bonus entitlement on my website by clicking the link under web reference.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
First I would like to thank you and all of the Warriors and Families for their service to our country. As your local USAA Realtor I would be honored to assist you with all of your real estate needs.
Thanks, Scott Morgan
We didn't hear that in '72.
I understood that if you are being relocated, they will reinstate your full benefits and even help you sell.
Have you gone to your local VA office and talked to them?
Good luck and may God bless