A veteran used her full VA entitlement to purchase a home in 2020 and later sold the property, paying off the VA loan. She now wants to use her VA benefit to buy another home. Can she restore her entitlement?
Correct Answer
A) Yes, VA entitlement can be restored after the previous VA loan is paid in full and the property has been disposed of
VA entitlement can be restored (also called 'entitlement restoration') after the previous VA loan has been paid in full and the property has been sold or otherwise disposed of. This allows the veteran to use the VA loan benefit again.
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