Can You Have More Than One VA Home Loan At The Same Time?

a brand new manufactured home on spacious property

It’s not common, but yes, there are scenarios that allow VA borrowers to have two or more VA loans active at the same time. The typical situation is when a VA homeowner has been reassigned to a new duty station and they’ve decided to convert their primary residence into a rental.

The determination of eligibility is based on a calculation of Guarantee:

Here’s how the math works, assuming you’re buying in San Diego County with a loan limit of $562,350

  • $562,350 X .25% = $140,587.50 Maximum Guaranty
  • $140,587.50– $36,000 (entitlement you have used on the other VA property) = $104,587.50
  • $140,587.50 X 4 = $418,350

If you already have one VA loan, the maximum zero down payment VA loan that you can qualify for in San Diego County is $418,350. You can purchase a property above this amount as long as you provide a down payment. Each county in California has its own VA loan limit, so the calculations will differ.

Please contact Chad Baker with any questions on using your VA eligibility to purchase your first or second home.


Everything about our transaction with this lender was perfectly explained to us, easy to do, and they were able to help us get our loan closed ahead of schedule. It was a perfect 10 and we couldn’t have been happier with the whole thing

“Hi Juliann and Chad, I wanted to take a moment and thank you guys for what would have been impossible for us to do without you. We wouldn’t have our keys in hand if it had not been for your help in navigating the financing, and Juliann’s perseverance in getting the rest of the players in the transaction to deliver. Out of everything, our interaction with your office has been a highlight – and your customer service has been beyond everything we’ve experienced in the real estate industry. Is there a way we can provide any reviews, ratings, testimonials, or other statements that can express to your potential future customers how much you guys do to make the customer’s life easy? Please let us know how we can share our great experience with you to the rest of the public. Whether we refinance this under a VA, or get in a bigger/better house in a few years, we’re not going to go anywhere else for financing. We are customers of yours as long as you are in business. Thanks again for getting us in a house!”

“Chad and his group made the mortgage approval process smooth and understandable. Multiple updates and explanations during the process kept me informed of progress. Chad also provided great advice on other home services, in particular an insurance company that saved me thousands of dollars a year on home and auto insurance.”

I hope you enjoyed reading this article. It's my goal to keep you updated with the latest real estate mortgage news. I'm proud to provide you with 100% original and unique content. Subscribe now to get high quality real estate mortgage content and articles delivered directly to your inbox. Chad Baker is Regional Manager for LendUS. Chad is consistently recognized in the top 1% of mortgage originators in the United States 2011-2017. Got a question for Chad? Call (858) 353-8331 or submit your question online