VA Loan second home question

QuestionsVA Loan second home question
Audra Marcantel asked 6 years ago

Hello, My question is in relation to obtaining a second home under my VA certificate. I cannot seem to get a clear definitive answer on this. Like most vets I think the cap is around 400K. I bought my first home years back after returning from overseas and I knew I would end up moving to employment. So my first home was about 170K. My question is: Am I able to take out a second mortgage under my same VA loan? Meaning so I still have the 240K’sh I could use to purchase another home.

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