VA Entitlement Calculator
- By Jim Blackburn
- on
- Tags: Calculators, New Construction, Spec Homes
Buying a Second Home With a VA Loan? Here’s What You Need to Know
If you’re already using your VA loan benefits but planning to buy another home, you may still have remaining entitlement—which means you could qualify for another VA-backed home loan, even without fully repaying the first one. Use this breakdown to estimate your maximum loan amount and down payment requirements on the new property.
Property & Loan Details
| Detail | Value |
|---|---|
| County Loan Limit | $806,500 |
| Existing VA Loan Balance | $500,000 |
| Purchase Price of New Home | $800,000 |
| Estimated Interest Rate | 6.99% |
| Annual Insurance | $2,400 |
| Annual Property Taxes | $3,600 |
| Monthly HOA | $0 |
County loan limits can be found at FHFA.gov.
Insurance and taxes should be verified with your agent or assessor.
VA Entitlement Summary
| Category | Amount |
|---|---|
| Total Available Entitlement | $201,625 |
| Used Entitlement | $125,000 |
| Remaining Entitlement | $76,625 |
| Maximum Loan Amount (No Down Payment Needed) | $676,625 |
| Required Down Payment | $123,375 |
Your remaining entitlement determines how much the VA will guarantee on your new loan. If your home purchase exceeds the VA limit for no-down-payment financing, you’ll need to cover the difference—which is where the required down payment comes in.
What This Means for You
Even if you already have a VA loan, you may still qualify to buy another home with no or low down payment. Here’s how:
- You’re not limited to one VA loan for life.
- You can reuse your VA loan benefit if you’re relocating or upgrading.
- Down payments are only required when your remaining entitlement doesn’t fully cover the VA-guaranteed portion.
Next Steps
Understanding your entitlement and remaining benefits is key to smart home buying. If your goal is to buy a second property while maximizing your VA loan privileges, your next move is simple:
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Schedule a CallImportant Disclaimer
This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.
