How Many Times Can You Use Your VA Benefits to Buy a Home in Riverside?

Riverside is centrally located to most of Southern California, and many have been drawn to move and call Riverside their home. If you’re a veteran or currently serving in the military, you’re most likely aware that you can use VA benefits to purchase a home with no money down. If you plan to buy a home in Riverside and you are wondering if you can use a second VA loan, we’re here to answer this query.

Can I use a VA Loan Multiple Times?

The answer is yes! You can use it as many times as you like as long as you still meet the requirements of the VA and your lender. But, this doesn’t mean you can hold an endless amount of loans; each serviceman will receive a certain amount of “entitlement.” A serviceman’s basic entitlement is $36k, which means if you’ve got a home mortgage under $144k, the VA will guarantee your lender that they’ll pay $36k if a default occurs. 

The VA will pay up to 25% of the loan amount for mortgages that exceed this amount. Keep in mind that these aren’t the limits to how much you can borrow. If a borrower has full entitlement, the VA won’t set a limit on how much his mortgage can be. 

You can use your VA loan more than once. If you want to restore your full entitlement, you’ll need to pay off the first loan completely and not own the property anymore.

How Do You Get a 2nd VA Loan?

You can still get a second VA loan in some instances, even though you have an existing VA loan. The full entitlement isn’t needed to qualify for another loan: in this case, you’ll have “remaining entitlement.”

There are many circumstances where you might need to get a 2nd VA loan. One of the common circumstances is when a serviceman receives orders to a new station. For any particular reason, the serviceman decides not to sell his current home in Riverside, financed by a VA loan, and also wants to buy a new house in the new station they’re moving to.

When using the remaining entitlement, the amount of money you can borrow will depend on the county loan limits. These limits match the ones set by the FHFA and differ based on the cost of living in each area. The VA will either cover 25% of the loan limit excluding the entitlement that’s been used or 25% of the county limit, they’ll pay for the one that’s less.

So, if you live in a low-cost-of-living place and want to buy a high-priced home, you may have to front your down payment to meet that 25% guarantee for your lender.


VA loans are a fantastic benefit for veterans and active service members to use for economical loans and housing options. If you meet the requirements and are interested in getting a loan, call us at Rancho Vista Mortgage for assistance.


* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.