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A veteran had a VA loan using his full entitlement. He allows another veteran to assume the loan without VA approval. Could he immediately get another VA loan.
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A veteran had a VA loan using his full entitlement. He allows another veteran to assume the loan without VA approval. Could he immediately get another VA loan.

User Purvi
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1 Answer

3 votes

Answer:

No. He is still liable for the loan

Step-by-step explanation:

The veteran made a mistake by giving his permission to another veteran to assume the loan without the approval of the VA. He should have consulted the VA and ensure that the proper approval is provided before allowing the other veteran to assume the loan. Therefore, he cannot get another VA immediately because of the previous loan he is liable to.

User Michbeck
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