I have already obtained one VA loan. Can I get another one?

Yes, depending on the circumstance, your eligibility is reusable. You can have your eligibility restored again if you have paid-off your prior VA Loan, and disposed the property. Also, on a 1-time basis, you may have your eligibility restored if your prior VA Loan has been paid-off, but you still own the property. Either way, the Veteran must send the Veterans Administration a completed VA Form 16-1880 to the VA Eligibility Center. To prevent processing delays, it’s advisable to include evidence that the prior loan has been fully paid, and if applicable, the property was disposed. A paid-in-full statement from the former lender or a copy of the HUD-1 settlement statement must be submitted.

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