Yes you can as long as you're buying a new primary residence, have enough entitlement left & you have enough income to cover the payments.
What are you going to do with your current home?
The VA 2nd tier entitlement has 2 basic components.
1) The 2nd loan has to be over $144,000.
2) You have to have enough remaining entitlement which is based on how much was used & what the VA county loan limit is for the county you want to buy.
For example: Let's say the VA county loan limit is $525,000 in the area you want to buy. Now let's say your current VA loan started out at $200,000. Subtract what you've already used from the county limit to get the max loan amount you would be able to do on a new VA loan without a down payment.
In this example it would look like this:
$525,000 - $200,00 = $325,000.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
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