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VA Loan question....

I am prior Navy and my husband is active duty. We are planning on buying in the next month and thinking of doing a VA loan. Are we each eligible for a loan, meaning can I get one and then when we buy and sell is my husband eligible for one? Not sure if that makes sense but any answer would help.

 
Melbornj

Asked by Melbornj at 5:55 PM on Feb. 28, 2011 in Home & Garden

Level 41 (131,608 Credits)
This question is closed.
Answers (2)
  • I think I already found my answer, of course as soon as I posted this.
    Melbornj

    Comment by Melbornj (original poster) at 5:59 PM on Feb. 28, 2011

  • not sure what the question is but yes you both wouls qualify for a loan. have you talked to your local VA rep? not all banks work with va loans and also some banks that do work with them will still try to get you to do another type of loan so know what you are doing and dont make sure they are doing a VA loan and not talking you into a FHA loan. FHA are good loans but VA loans have backing that can help you where FHA cant.
    laura970

    Answer by laura970 at 6:04 PM on Feb. 28, 2011

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