BUSTING 5 Common VA Home Loan Myths! 💥

When it comes to VA home loans, there’s a lot of confusion out there. As a mortgage professional, I’ve heard just about every myth in the book — and I’m here to set the record straight. Let’s bust some of the most common VA loan misconceptions!

1. “You can only use a VA home loan once.”❌ MYTH!

One of the greatest benefits of a VA home loan is that it’s reusable. As long as you have entitlement remaining — or have restored it — you can absolutely use VA financing again and again.

2. “You can’t own two homes with VA loans.”❌ MYTH! In certain situations, yes, you can! VA guidelines allow for having more than one VA loan at a time, especially if you’re relocating for work or other qualifying circumstances. This is known as "second-tier entitlement."

3. “There’s a loan limit on VA loans.”❌ MYTH!As of 2020, eligible Veterans with full entitlement have no VA loan limits! While lenders may still have internal guidelines, the VA itself does not cap loan amounts when full entitlement is available.

4. “A short sale or foreclosure means no more VA loans.”❌ MYTH! Even if you’ve had a foreclosure or short sale in the past, you may still be eligible for a VA loan in the future. Each case is unique, but recovery and future use are possible.

5. “If you already have a VA loan, the next home has to be 100+ miles away.”❌ MYTH! There’s no set mileage rule in VA guidelines. What matters most is occupancy — the new home must be your primary residence, and your intent to live there must be genuine.

VA loans are a powerful benefit for those who’ve served, and it's important to have accurate info when making such a big financial decision.

Jennifer No

RMLO

C&T Mortgage, Inc

16718 House Hahl Rd Ste H

Cypress, TX 77433

832-220-1480 (office)

936-525-7225 (cell)

Jennifer@cntmtg.com

Company NMLS: 1231852

Individual NMLS: 1310829