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VA Loans – Partial Eligibility

Qualifying veterans who have already used their entitlement for a VA loan may, at some point, find themselves in need of a second VA loan. Although the process can sometimes be complicated, it is possible to obtain eligibility for a second VA loan if the maximum amount of eligibility was not utilized on the first VA loan borrowed by the individual.

If the individual did not borrow the full amount to which they were entitled on their first VA loan, a certificate of eligibility may be available for the unused amount. The unused amount will serve as the second VA loan; borrowers must understand, however, that the leftover eligibility may not be enough to cover the entire amount requested for the second loan.

While the initial VA loan often requires no down payment, the down payment for the second VA loan will have to be negotiated with the lender. Because the partial eligibility loan process can be complex, it is important for borrowers to seek the help and advice of an experienced VA loan representative prior to beginning any paperwork for the second VA loan.

Back to the Veterans' Loan Handbook Table of Contents.