Yes, your eligibility is reusable depending on the circumstance. If you have paid-off your prior VA Loan, and disposed the property, you can have your eligibility restored again. Also, on a 1-time basis, you may have your eligibility restored if your prior VA Loan has been paid-off, but you still own the property. Either way, the Veteran must send the Veterans Administration a completed VA Form 16-1880 to the VA Eligibility Center. To prevent delays in processing, it's advisable to include evidence that the prior loan has been fully paid, and if applicable, the property was disposed. A paid-in-full statement from the former lender or a copy of the HUD-1 settlement statement must be submitted.
Coast to Coast Funding is the leading mortgage company specializing in financing non-warrantable condos. We are a direct & wholesale lender serving the entire state of California. Check out the homebuyer or mortgage broker sections to find out how we can help!
Company NMLS: 92145
Company DRE: 01524242
Individual NMLS: 498630
Individual BRE: 01486490
1 Orchard Road, Suite 235
Lake Forest, California 92630
Phone: (949) 339-3555
info@condolitigation.com
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