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Example. A seasoned utilized the their entitlement to buy a property for $453,100 into the a non-high rates condition during the Maryland. In advance of business moving to GA, he refinanced the mortgage so you can a non-Va loan. The borrowed funds is paid in complete; not, he however had the house. The guy now desires to buy a house within the GA and you can can be applied to possess a single-go out repair. That is you can.

Learn about Va mortgage eligibility conditions for good Va lead otherwise Virtual assistant-recognized financing. See how to consult a certificate of Qualification (COE) to demonstrate your lender that you meet the requirements considering your own service background and you can obligations reputation. Keep in mind that for an excellent Virtual assistant-supported financial, additionally, you will have to fulfill your lender’s borrowing and you can income financing criteria for investment. The easy response is yes, you can pick a great foreclosed household having fun with a great Virtual assistant mortgage, as long as one possessions suits the new VA’s lowest requirements. Lire Plus