I am getting out of the military in 2 years, buying home info in texas

The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

We can assist you in purchasing your home even though you are still enlisted. I'm confident we could issue you a VA loan along with your VA approval certificate. As long as your Debt to Income and Credit are okay we shouldn't have any issues. Give me a call when you are ready to move forward with the process or have any questions I can help you with. P: 888-320-7888 www.MortgagesforAmerica.org - Ken Burrows

Good Evening! I would be happy to help you and working with a Federally Chartered Bank, I can assist you in any state here in the United States. If you are looking to purchase a home in Texas or anywhere else, I would be more than happy to explore all opportunities if you would like to discuss this in more detail with me offline. Visit my website at www.123LoanYes.com or send me a Direct Message through my Profile on this site and we can begin talking about your goals moving forward. Thank you for the Question and have a great evening!

What are your goals? Do you want to keep the home you now own? If so will it pay for itself, mortgage Plus taxes & ins?You know your VA benefit will be good if you are out of service also right? You will qualify for a mortgage using your two year history of Military & state trooper...with just one full mo. of paystub for state trooper....same line of work basically. Protecting us. Thank you for all of your service!!!Pogie CalderonRPMCapitola California

You may be able to buy another home because your job is taking you there? I am not sure. You can go on the VA website. There is loads of great info. It is a good website. The key will be that your job is causing you to move. I know the VA loan is not for "investors" which is what a landlord is. So look on the web. If it is ok to keep your present home...just call local property management companies for rental numbers...based on beds/baths, sq ft, location etc....for the going home like yours for the rental rate. Make sure you are not going to get over your head...with two properties & that the rent pays for everything. Remember...you will be responsible for the up keep for two homes...so if VA lets you keep the current one & buy another do the math.If you must sell in order to buy the nxt home....you can wait until you are out & still qualify...with your new wages.Good Luck to you & your family! Sharonaka~~pogie

We are a local lender and do Va loans. My question is in regards to the home you have now. Is it a Va mortgage? Fha? Before you leave Military Join Usaa, excellent Insurance. I mention this because Im in Florida and insurance is a big issue and Usaa is a great source for insurance. I understand if you leave military before you join there is some sort of restriction afterwards.. Take care and Thank You for you service.www.firstfloridafin.com www.loansimple.com Craig (954) 558-4430

There is some inaccurate information in some of these posts. Contact a local mortgage lender that specializes in VA. You CAN use your benefit more than once, and depending upon your circumstance you may be eligible to obtain another VA mortgage while retaining your current VA loan. USAA is a decent insurance and investments company, but you will certainly want to compare their mortgage services with others. Being in a town which has the USAFA as well as 2 AF bases and 1 army base, we are populated by many service members, deal in mostly VA mortgages and we see many of USAA's mistakes.

JDPeck is right, there is some inaccurate or misleading info in some of the above posts. Depending on your qualifications and the amount of remaing entitlement you have, and the price of the home you wish to purchase in Texas, it is definitely possible to purchase another home without selling or refinancing out of the current VA loan on the NC home. And, of course you can use your VA eligibility more than one time, the cost of the funding fee is more after the first use but that also depends on whether you would be making any downpayment (not required but it does reduce the cost of the entitlement). I work mainly in SC but also occasionally in other states, and our headquarters is in Texas. If you'd like me to help you evaluate your options please contact me at pdumouchel@primelending.com or direct at 843-619-6025. Otherwise, pick a loan officer who is experienced and knowledgable about VA loans and work with them. There are those who say only work with a local broker but it is most important who you work with and the ability of that company to deliver for you. Good luck either way and thank you for your service.

Your entitlement is good for only 1 use at a time unless there is something that I am unaware of. You would need to sell your current home or refinance out of the VA loan to be able to use it again!