You can use a second VA loan to buy a second home, but there are a few things you should know before you start the process. Here’s my advice.


If you own a house using VA financing and want to rent it out, then buy another home with a second VA loan, you can. However, the real question is how we treat your current house that you’re about to turn into a rental. The VA has some very specific rules for that.

You can use your house as a rental, and although a bank might tell you that you need landlord experience, the VA doesn’t require it.

Do you need cash reserves when converting your property to a rental? Again, the VA says no, but the bank will typically require at least a few months of reserves.

“You can only use the rental amount to offset your current mortgage.”

Finally, can you count your extra rent money as income? The answer is no. You can only use the rental amount to offset your current mortgage.

If you or someone you know is going through a similar situation and has any questions at all, don’t hesitate to reach out and give us a call or send us an email. We look forward to hearing from you soon.