How Many Va Mortgages Can You Have Explained

How many va mortgages can you have takes center stage, this opening passage beckons readers into a world crafted with good knowledge, ensuring a reading experience that is both absorbing and distinctly original.

Dive deep into the intricacies of VA loan entitlement, where understanding your borrowing power is key to unlocking your homeownership dreams. We’ll navigate the often-complex waters of VA funding fees, explore the tiered structure of your entitlement, and illustrate with real-world scenarios how you can leverage this benefit for multiple properties. Beyond just knowing the limits, we’ll unravel how the VA determines these figures, the absence of traditional loan limits for many, and the crucial role of county-specific caps.

Crucially, we’ll address the conditions under which you can indeed possess more than one VA mortgage simultaneously, guiding you through the application process step-by-step.

Understanding VA Mortgage Entitlement

The VA Home Loan program, a cornerstone benefit for eligible service members, veterans, and surviving spouses, offers substantial advantages, including the absence of a down payment and competitive interest rates. Central to this benefit is the concept of VA loan entitlement, which dictates the extent of the VA’s guarantee to the lender. Understanding entitlement is crucial for navigating the program, particularly for those considering multiple VA loans.The VA loan entitlement represents the maximum amount the Department of Veterans Affairs (VA) will guarantee to a lender on a VA-backed loan.

This guarantee reduces the lender’s risk, enabling them to offer favorable terms to borrowers. Historically, the VA guaranteed a specific dollar amount. However, following the Blue Water Navy Vietnam Veterans Act of 2019, the entitlement structure was significantly revised, eliminating the maximum loan amount for most borrowers and focusing instead on the veteran’s available entitlement. This shift means that for veterans with full entitlement, the VA guarantee is now effectively unlimited, allowing them to finance up to the conforming loan limits set by Fannie Mae and Freddie Mac without a down payment.

VA Funding Fees and Entitlement

The VA funding fee is a one-time charge paid to the VA that helps to offset the costs of the loan guarantee program, thereby reducing the burden on taxpayers. This fee is typically rolled into the loan amount but can also be paid upfront. The amount of the funding fee varies based on several factors, including the type of loan (purchase, refinance, construction), the veteran’s disability status, and whether it is a first-time or subsequent use of the VA loan benefit.

For instance, veterans with a service-connected disability rating are exempt from paying the funding fee. The funding fee does not directly reduce a veteran’s entitlement amount, but it is an integral part of the VA loan process.

Tiers of VA Loan Entitlement

The VA loan entitlement is structured to ensure that veterans can access the benefit multiple times. While the concept of entitlement tiers has evolved, understanding the historical framework and current implications is beneficial.

• First Tier Entitlement: Historically, this referred to the full entitlement available to a veteran. With the elimination of loan limits for most borrowers, a veteran with full entitlement can typically finance up to the conforming loan limit without a down payment, as the VA guarantees 25% of the loan amount above the veteran’s available entitlement.
• Second Tier Entitlement: This concept was relevant when loan limits were in place. It essentially meant that a veteran had used a portion of their entitlement and had a remaining portion available. The VA would guarantee a portion of the loan amount above the veteran’s remaining entitlement, often requiring a down payment for the portion not covered by the VA guarantee.

The current system simplifies this by focusing on the veteran’s restored entitlement and the loan amount.

Scenarios Illustrating Multiple VA Loans

The VA loan program allows for multiple VA loans, provided the veteran has sufficient entitlement available. The key to obtaining a second or subsequent VA loan lies in the restoration or availability of entitlement. Scenario 1: Full Entitlement Restored After Selling a VA-Owned PropertyA veteran purchases a home using their VA loan benefit. Subsequently, they sell that home and pay off the VA loan in full. In this case, their full entitlement is restored, making them eligible for another VA loan with no down payment, up to the conforming loan limits.

Scenario 2: Partial Entitlement Used and Not RestoredA veteran takes out a VA loan and still owns the property. If they wish to purchase another home with a VA loan without selling the first, they can do so if they have remaining entitlement. For example, if the VA guaranteed \$36,000 on their first loan (which was the maximum entitlement at the time), and they wish to purchase a home with a loan amount of \$200,000, they would need to bring a down payment.

The VA would guarantee 25% of the loan amount above the veteran’s remaining entitlement. The calculation for the down payment would involve determining the remaining entitlement and then calculating the percentage of the loan amount that the VA would guarantee based on the new loan.

The VA guarantees 25% of the loan amount that exceeds the veteran’s available entitlement.

Scenario 3: Using the VA Loan for a Second Home or Investment Property (with caveats)While VA loans are primarily intended for primary residences, there are specific circumstances where a second VA loan might be permissible for a primary residence if the veteran moves. For instance, if a veteran is transferred for employment and purchases a new primary residence with a VA loan, and then later decides to move back to their original area and purchase another primary residence, their entitlement would need to be re-evaluated.

Using a VA loan for an investment property is generally not permitted, as the property must be intended as the veteran’s primary residence. However, there are nuances, and consulting with a VA-approved lender is essential.The process for determining entitlement for multiple loans involves calculating the original entitlement used and any remaining entitlement. If a veteran has used a portion of their entitlement and has not sold the property securing that loan, they may still be eligible for a second VA loan, but it will likely require a down payment to cover the portion of the loan not guaranteed by the VA.

The VA lender will work with the veteran to assess their remaining entitlement and calculate any required down payment.

VA Mortgage Limits and How They Are Determined

Understanding the parameters that define borrowing capacity is crucial for veterans utilizing VA home loan benefits. Unlike conventional mortgages that often adhere to strict, standardized loan limits set by entities like Fannie Mae and Freddie Mac, VA loan limits operate with a distinct framework. This system is designed to be flexible, directly correlating with a veteran’s earned entitlement and local housing market conditions, rather than imposing a universal ceiling.The Department of Veterans Affairs (VA) does not set a single, overarching loan limit for all VA-guaranteed loans.

Instead, the concept of a “limit” is largely influenced by the veteran’s available entitlement and the specific housing market of the property’s location. This approach allows for greater flexibility, particularly in high-cost areas, ensuring that veterans can acquire homes that meet their needs without being arbitrarily constrained by a national loan cap.

County Loan Limits and Their Influence

While the VA does not impose a national loan limit, the Federal Housing Finance Agency (FHFA) establishes loan limits for conventional mortgages that are often referenced for VA loans, especially for those with full entitlement. These limits, known as conforming loan limits, are adjusted annually and vary by county.The FHFA sets these county-specific limits based on median home prices. In most of the United States, the baseline conforming loan limit applies.

However, in designated high-cost areas, the FHFA sets higher loan limits to reflect the elevated real estate values. For VA loans, this means that a veteran’s maximum loan amount without needing a down payment is generally tied to these conforming loan limits. If a veteran wishes to borrow more than the conforming loan limit in a specific county, they may be required to make a down payment, similar to conventional financing.

The VA’s guarantee is still in place, but the lender’s risk increases, necessitating a down payment to bridge the gap.

Veteran Entitlement and Borrowing Capacity

A veteran’s available entitlement is the cornerstone of their VA home loan eligibility and directly impacts their borrowing capacity. The VA guarantees a portion of the loan for lenders, reducing their risk. This guarantee is a percentage of the loan amount, and it is this entitlement that the VA utilizes to back the loan.There are two primary components to a veteran’s entitlement:

• Full Entitlement: Historically, veterans with full entitlement could finance a home with no down payment, regardless of the loan amount, up to the conforming loan limit in their area. This benefit was available to eligible veterans who had never used their VA loan benefit or had paid off a previous VA-financed home.
• Partial Entitlement: For veterans who have previously used their VA loan benefit and have not fully restored it, or who may not meet the criteria for full entitlement, a partial entitlement is available. In these cases, the VA guarantees a specific dollar amount, typically 25% of the loan amount, up to a certain limit. This means that if a veteran has partial entitlement, their ability to borrow without a down payment will be capped by the amount the VA will guarantee.

  If the loan exceeds this guaranteed amount, a down payment will be required to cover the difference.

The VA’s Certificate of Eligibility (COE) details the veteran’s entitlement status. This document is crucial for both the veteran and the lender to understand the terms and limitations of the VA loan benefit. The amount of entitlement a veteran has directly dictates the maximum loan amount they can obtain without a down payment, making it a critical factor in determining their borrowing capacity.

For example, if the VA guarantees 25% of a loan and the maximum guaranteed amount is $36,000, the veteran can borrow up to $144,000 without a down payment. Beyond this amount, a down payment would be necessary.

Possessing Multiple VA Mortgages Simultaneously

While the primary intent of the VA home loan benefit is to assist eligible veterans in acquiring a primary residence, the Department of Veterans Affairs (VA) does permit the possession of more than one VA-guaranteed mortgage concurrently under specific circumstances. This provision acknowledges that a veteran’s housing needs and financial situations can evolve, necessitating the acquisition of new property while retaining existing VA-financed homes.

Understanding the criteria and procedures for managing multiple VA loans is crucial for veterans seeking to leverage their benefit effectively.The ability to hold multiple VA loans hinges on the veteran’s entitlement and the specific conditions of each loan. Generally, a veteran can have a second VA loan if the first loan has been paid off or if they are refinancing the existing VA loan.

However, it is also possible to obtain a second VA loan while still holding an active VA loan on a previous property, provided the veteran can demonstrate the financial capacity to manage both obligations and the new property meets specific VA requirements.

Conditions for Holding Multiple VA Loans, How many va mortgages can you have

A veteran can secure more than one VA-guaranteed mortgage simultaneously under conditions that ensure responsible borrowing and adherence to VA guidelines. The most common scenario involves having a second VA loan for a new primary residence while the existing VA loan is on a property that is no longer the veteran’s primary residence, or when the veteran is able to restore their entitlement.The VA’s entitlement system is a key factor.

Right, so how many VA mortgages can you actually snag? It’s not just a simple yes or no, innit. When you’re looking into that, it’s worth knowing what credit bureau does rocket mortgage use , ’cause that’s part of the whole picture. Ultimately, you can have a few VA loans at once, depending on your situation.

Each veteran has a base entitlement amount, which is typically $36,000 for loan amounts up to $144,000. For loan amounts exceeding this threshold, the entitlement is generally tied to a percentage of the loan amount. When a veteran obtains a VA loan, a portion of their entitlement is used. This entitlement can be restored under certain conditions, such as selling the property financed by the VA loan and paying off the mortgage, or if the veteran obtains a VA loan assumption by a qualified buyer.Furthermore, the VA allows for a second VA loan for a different primary residence even if the first VA-loan financed property has not been sold, provided the veteran meets certain criteria.

This often involves the veteran being on active duty and transferred to a new duty station where they cannot reasonably occupy their previous home, or if the previous home has been rented out and the veteran is moving into a new primary residence.

Common Scenarios for Multiple VA Loans

Several common situations illustrate how veterans may find themselves utilizing more than one VA loan concurrently. These scenarios highlight the flexibility of the VA loan program when specific conditions are met.

• Relocation for Duty: A service member is transferred to a new military installation and needs to purchase a new primary residence at the new location while still owning a home at the previous duty station that is either rented out or being sold.
• Investment Property Purchase: After purchasing a primary residence with a VA loan, a veteran may wish to purchase a second property, often a rental property, and use their VA entitlement again, assuming they have sufficient remaining entitlement or can restore it.
• Divorce or Separation: In cases of divorce or separation, one spouse may retain the marital home financed by a VA loan, while the other spouse, if also a veteran, may use their VA entitlement to purchase a new primary residence.
• Second Home for Family Needs: A veteran might purchase a second home, such as a vacation property or a home for a family member, utilizing their VA entitlement again, provided they meet the specific criteria for such a purchase and have available entitlement.

Requirements for a Second VA Mortgage

Obtaining a second VA mortgage while an existing VA loan is active requires meeting specific criteria established by the VA. These requirements are designed to ensure that veterans can manage their financial obligations responsibly and that the VA’s guarantee remains protected.A primary requirement is the availability of sufficient entitlement. If the veteran has fully used their entitlement on the first VA loan and has not restored it, they may need to use a portion of their entitlement for the second loan, which could involve a down payment.

However, the VA has made provisions for veterans to obtain a second loan without a down payment under certain circumstances, particularly if their entitlement is fully available.The veteran must also demonstrate the financial capacity to service both mortgage payments. This includes a thorough review of their creditworthiness, income, and debt-to-income ratio (DTI). Lenders will assess the veteran’s ability to manage the monthly payments for both properties, considering all existing financial obligations.In cases where the first VA-loan financed property is not being sold, the veteran must typically prove that the existing property is no longer their primary residence.

This can be achieved by documenting a rental agreement if the property is being leased out, or by providing evidence of a new primary residence at the location of the second VA loan.

Procedure for Applying for a Second VA Loan

Applying for a second VA loan involves a structured process that builds upon the initial VA loan application. Veterans should be prepared to provide comprehensive documentation to their chosen lender.

1. Determine Entitlement Availability: The first step is to ascertain the veteran’s remaining VA entitlement. This can be done by contacting the VA directly or through the lender, who can access this information. Understanding the entitlement status is critical as it impacts down payment requirements and loan approval.
2. Obtain a Certificate of Eligibility (COE): A COE is required for every VA loan, including a second one. If the veteran already has a COE from a previous VA loan, they may still need to obtain an updated one or provide the lender with the original.
3. Secure Lender Pre-Approval: As with any mortgage application, obtaining pre-approval from a VA-approved lender is essential. The lender will review the veteran’s credit history, income, assets, and existing debts to determine their borrowing capacity.
4. Document the Status of the First VA Loan Property: If the first VA-loan financed property is being retained, the veteran must provide documentation that it is no longer their primary residence. This might include a lease agreement, proof of property management, or other relevant evidence.
5. Provide Comprehensive Financial Documentation: Lenders will require detailed financial information, including pay stubs, tax returns, bank statements, and information on all existing debts and assets. This is crucial for assessing the ability to manage two mortgage payments.
6. Underwriting and Appraisal: The lender will submit the application to underwriting for review. An appraisal of the new property will also be conducted to determine its market value.
7. Loan Closing: Upon approval, the loan will proceed to closing, where all necessary documents are signed, and the veteran takes possession of the new property.

Impact of Previous VA Loans on Future Borrowing

The utilization of VA home loan benefits for a prior purchase significantly influences an individual’s capacity to secure subsequent VA-financed properties. This impact is primarily determined by the amount of entitlement used and whether that entitlement has been restored. Understanding these dynamics is crucial for veterans planning future real estate investments.Previous VA loans consume a portion of a veteran’s available entitlement, which is the guarantee the Department of Veterans Affairs (VA) provides to lenders.

This guarantee reduces the lender’s risk, enabling veterans to obtain favorable loan terms, such as no down payment and competitive interest rates. Consequently, the remaining entitlement dictates the maximum loan amount a veteran can finance with VA benefits.

Remaining Entitlement Calculation

The calculation of remaining VA loan entitlement is a critical step in determining future borrowing power. It involves understanding the concept of basic entitlement and its relationship to the loan amount. The VA has established guidelines to ensure that veterans can effectively leverage their benefits.The VA’s entitlement program is structured around a maximum loan amount that is generally influenced by conforming loan limits set by the Federal Housing Finance Agency (FHFA).

For loans exceeding these limits, a veteran typically needs to have full entitlement available to secure a VA loan without a down payment.The calculation of remaining entitlement can be understood through the following:

• Basic Entitlement: This is the foundational amount of guarantee the VA provides. Historically, it was a fixed amount, but it has evolved to be tied to the loan amount.
• Entitlement Used: This is the portion of the guarantee that was applied to a previous VA loan. For loans up to the conforming loan limit, the VA typically guarantees 25% of the loan amount. For loans exceeding the conforming limit, the entitlement used is calculated differently, but the principle of reducing available entitlement remains.
• Remaining Entitlement: This is the difference between the veteran’s total available entitlement and the entitlement already used on prior VA loans.

A simplified formula often used to conceptualize remaining entitlement, especially for loans within conforming limits, is:

Remaining Entitlement = Total Available Entitlement – (25% of Loan Amount Used on Previous VA Loan)

For example, if a veteran previously financed a home for $300,000 using a VA loan, they would have used approximately $75,000 of their entitlement (25% of $300,000). If their total entitlement is considered fully available, their remaining entitlement would be reduced by this amount.

Restoring Entitlement After Selling a VA-Financed Property

Veterans can restore their VA home loan entitlement once they have sold a property financed with a VA loan and have paid off the associated mortgage. This process effectively replenishes the used entitlement, making it available for future VA-backed home purchases. The ability to restore entitlement is a key feature that allows veterans to utilize their benefits multiple times throughout their lives.The restoration process is contingent upon several conditions being met:

• The previous VA-financed property must have been sold.
• The VA loan associated with that property must have been paid in full.
• The veteran must not have any other VA-guaranteed loans outstanding.

When these conditions are satisfied, the entitlement used for the prior loan is released and becomes available again. This is particularly beneficial for veterans who may have used their full entitlement on an initial home purchase and wish to purchase another home with VA benefits later.

Process of Obtaining a Restored Entitlement Certificate

To formally utilize restored entitlement, veterans typically need to obtain a certificate from the VA. This document serves as proof to lenders that the veteran’s entitlement has been reinstated. The application process involves submitting specific documentation to the VA.The steps involved in obtaining a restored entitlement certificate are as follows:

1. Verify Eligibility: Ensure that the conditions for entitlement restoration have been met (property sold, loan paid off, no other outstanding VA loans).
2. Complete VA Form 26-1880: This is the “Request for a Certificate of Eligibility (COE)” form, which is used for various VA home loan benefit requests, including entitlement restoration.
3. Submit Supporting Documentation: This typically includes proof of the sale of the previous property and documentation confirming the VA loan has been paid in full. Lenders can often provide a payoff statement.
4. Submit to the VA: The completed form and supporting documents should be submitted to the VA loan center.
5. Receive Certificate of Eligibility (COE): Upon approval, the VA will issue a COE, which will indicate the restored entitlement status. This document is then provided to the prospective lender for the new VA loan application.

In some instances, particularly if a veteran has multiple VA loans or complex entitlement situations, the process might involve more detailed review. However, for straightforward sales and payoff scenarios, the process is generally streamlined. The VA’s Loan Guaranty Service is the primary point of contact for these inquiries and applications.

Specific Scenarios and Their VA Loan Implications

Navigating the complexities of VA home loan entitlement and its application to multiple properties requires a thorough understanding of specific scenarios. Veterans may find themselves in situations where acquiring a second VA loan becomes a viable option, necessitating a clear comparison of the implications versus possessing only a single VA mortgage. This section will delve into these scenarios, providing practical insights for veterans.

Exceptions and Special Circumstances for VA Mortgages: How Many Va Mortgages Can You Have

While the VA mortgage program is designed with a standardized framework for entitlement and loan limits, certain exceptions and special circumstances exist to accommodate the unique needs of veterans. These provisions aim to ensure that deserving individuals can access homeownership, even when their situations deviate from the norm. Understanding these nuances is crucial for borrowers navigating the VA loan process.The Department of Veterans Affairs (VA) recognizes that not all veterans’ circumstances fit neatly into predefined categories.

Consequently, mechanisms are in place to allow for waivers, adjustments, and specific considerations in areas such as entitlement, loan eligibility, and the treatment of existing VA loans. These exceptions often stem from the veteran’s service history, disability status, or other unique factors that warrant special attention.

Entitlement Waivers and Adjustments

In specific situations, the VA may waive or adjust a veteran’s available entitlement, thereby impacting their borrowing capacity. This is particularly relevant when a veteran has previously used their entitlement and is seeking to obtain another VA-guaranteed loan. The standard rules for entitlement restoration may be bypassed under certain conditions.The VA’s entitlement system is designed to be renewable, meaning that once a veteran has paid off a VA loan, their entitlement can be restored.

However, exceptions to the standard restoration process exist. These often involve situations where a previous VA loan was defaulted on or foreclosed, but the veteran can demonstrate that the default was due to circumstances beyond their control. In such cases, the VA may consider restoring a portion or all of the veteran’s entitlement.A key mechanism for exceptions relates to the restoration of entitlement for veterans who had a VA loan foreclosed upon or who lost their homes to fire or other disasters.

The VA may restore entitlement if the veteran can prove the loss was not due to their fault. Furthermore, for veterans who have repaid their VA loan in full, entitlement is typically restored automatically. However, for those who have not repaid the loan but wish to obtain a new VA loan, entitlement can be restored once, provided they sell the property and use the proceeds to pay off the VA loan.

Circumstances Allowing Exceptions to Standard VA Loan Rules

Beyond entitlement, several circumstances can lead to exceptions to other standard VA loan rules, facilitating access to homeownership for a wider range of veterans. These exceptions often address unique property types, veteran circumstances, or specific programmatic goals of the VA.Exceptions may be granted for properties that do not conform to typical residential standards, provided they meet certain safety and habitability requirements.

For instance, certain unique or non-traditional housing may be eligible if it meets VA minimum property requirements. Additionally, in areas with exceptionally high housing costs, the VA may permit loan amounts that exceed the standard conforming loan limits, often referred to as ” JUMBO” VA loans, though these are subject to specific criteria and VA approval.The VA also allows for certain exceptions regarding the occupancy requirement.

While typically a veteran must intend to occupy the property as their primary residence, exceptions may be considered in rare cases, such as for active-duty service members who are deployed and cannot occupy the home immediately but intend to do so upon their return. The VA may also make exceptions for situations involving family members who may occupy the property under specific circumstances, though this is less common and requires stringent VA review.

VA Loans for Disabled Veterans

Disabled veterans are afforded unique provisions within the VA loan program, recognizing their service and the potential challenges they may face. These provisions are designed to enhance their ability to achieve homeownership and make their homes more accessible and suitable to their needs.One of the most significant benefits for disabled veterans is the exemption from the VA funding fee. This fee, which is a percentage of the loan amount, can be a substantial cost for regular VA loan borrowers.

For veterans who are rated as disabled by the VA, this fee is waived, representing a considerable financial advantage. This waiver applies regardless of whether the disability is service-connected.Furthermore, the VA provides specific programs and grants to assist disabled veterans with adapting their homes. The Specially Adapted Housing (SAH) program and the Special Housing Adaptation (SHA) grant offer financial assistance for veterans to purchase, construct, or modify a home to meet their specific needs related to a service-connected disability.

These grants can cover costs associated with creating wheelchair-accessible bathrooms, modifying kitchens, installing ramps, and other essential adaptations. The SAH program is for more severe disabilities, while SHA is for less severe, but still significant, adaptations.

Appealing Entitlement Decisions or Seeking Special Consideration

Veterans who believe an entitlement decision made by the VA is incorrect or who require special consideration for their VA loan application have avenues for appeal and review. The VA has established processes to ensure fairness and to address unique circumstances that may not have been fully captured in the initial assessment.The process for appealing entitlement decisions typically begins with a formal request for reconsideration.

This involves submitting a written appeal to the VA, clearly outlining the reasons why the initial decision should be reviewed. It is essential to provide supporting documentation, such as service records, financial statements, or any other evidence that strengthens the veteran’s case. The VA will then review the appeal and the provided evidence.For seeking special consideration beyond a formal appeal, veterans can engage with VA loan specialists or regional offices.

These individuals can often provide guidance on navigating complex situations and may be able to facilitate a review of the veteran’s case under specific provisions. In some instances, a veteran’s elected representative, such as a Veterans Service Officer (VSO), can act as an advocate, assisting in communicating with the VA and presenting the veteran’s circumstances effectively to secure special consideration or exceptions.

Closure

Ultimately, navigating the landscape of VA mortgages, especially when considering multiple loans, hinges on a thorough understanding of your entitlement and its restoration. By grasping the nuances of loan limits, the impact of prior usage, and the specific scenarios that might arise, veterans can confidently manage their financial responsibilities and continue to build their homeownership portfolios. Remember, the VA system, while structured, offers flexibility for those who diligently understand its provisions and plan accordingly.

FAQ Explained

Can I have two VA loans at the same time for different properties?

Yes, it’s generally possible to have two VA loans simultaneously, provided you have enough remaining entitlement for the second loan. This often requires your entitlement to be fully restored or for you to have sufficient unused entitlement from your first loan.

What happens to my entitlement when I sell a VA-financed home?

When you sell a property financed with a VA loan, your entitlement used for that loan can typically be restored. This process usually involves applying for a Certificate of Eligibility (COE) showing your restored entitlement.

Are there any limits on the number of VA loans a veteran can obtain over their lifetime?

There isn’t a strict lifetime limit on the number of VA loans you can obtain, as long as you have available entitlement for each new loan. Each VA loan utilized consumes a portion of your entitlement, which can be restored under certain conditions.

How does having a VA loan affect my ability to get a conventional mortgage?

Having a VA loan generally doesn’t prevent you from getting a conventional mortgage, but it will be factored into your debt-to-income ratio. Lenders will assess your overall financial picture to determine your eligibility for a conventional loan.

What if my entitlement isn’t enough for a second VA loan?

If your remaining entitlement isn’t sufficient for a full VA loan, you might still be able to obtain one by making a down payment. The amount of the down payment will depend on how much entitlement is needed and the loan amount.