Did you know that you can actually have multiple VA loans at the same time? That’s right, it’s not just a one-and-done situation.
Recently, I’ve had a bunch of conversations with veterans in Arvada and the Denver Metro Area who are under the impression that they need to sell their current home before they can use their VA loan again for their next purchase. It’s a super common misconception, and unfortunately, it could be limiting your opportunities for building wealth through real estate.
Here’s the real story: You don’t have to sell your existing home to tap into your VA loan benefits for your next property. The VA entitlement you’ve earned is a lot more flexible than you might think. It’s not just a one-time benefit—it’s something you can potentially use again, depending on a few factors. Things like how much of your entitlement you’ve already used and the VA loan limits in the area where you’re planning to buy all play a role.
So, before you make any big decisions, it’s worth taking a moment to explore your options. Your VA benefits are designed to help you, and there might be more possibilities for your next home than you realize
Here’s how this knowledge can benefit you:
Multiple VA Loans
You can use your VA loan to finance another property without selling your current home. This is a game-changer for those looking to build wealth through real estate.
Leverage Rental Income
With current mortgage rates being so low, renting out your existing home could cover your mortgage payments—and potentially provide additional income.
Build a Real Estate Portfolio
Instead of selling, consider holding onto your property as an investment. Real estate is one of the most powerful tools for building wealth over time.
For active duty, National Guard, and veterans in the Denver Metro Area, this approach unlocks a lot of new opportunities. Whether you’re aiming to grow your real estate portfolio or just want to see what’s possible, as a fellow veteran myself, I’m here to help. At Dempsey Group, we’re experts at helping veterans maximize their VA benefits while navigating the ever-changing Colorado real estate market.
If you are looking for daily insight and tips on today’s market, follow Lauryn Dempsey on LinkedIn. If Lauryn can help you strategize your next steps in real estate in the Denver Metro Area or elsewhere across the U.S., please book a call!