VA Bonus Entitlement Helps Veteran

Arizona Veterans that no longer have access to what is known as "Basic Entitlement" to finance a home using a VA loan have the benefit of tapping something called "Bonus Entitlement" in order to help them purchase a home using a VA mortgage.   Bonus Entitlement is used when a Veteran does not have Basic Entitlement due to: 1. Already having a VA loan in their name 2. Completing a short sale on a VA loan previously 3. Foreclosing on a VA loan previously Max VA Loan Amount Using Bonus … [Read more...]

More Than One VA Loan in Arizona

Can a veteran have 2 VA home loans at the same time?  Yes, they can.  Recently, we closed a VA loan for a veteran in Mesa, Arizona.  His name was Tonni.  Tonni owned property in the mid-west that had a VA Mortgage on it.  When he called, he automatically assumed that a 2nd VA loan was not an option.  He thought he had "used up" his VA mortgage benefits. Check Maricopa County & National VA loan limits Veterans Can Have More than 1 VA Home Loan To his surprise, Tonni was eligible for a … [Read more...]