by Veteran Home Owner
(USA)
Contact Kate regarding a VA home loan
Hi Kate, I have two questions about a VA home loan. First, I took a VA loan nearly 20 years ago. I understand that I can still get another VA mortgage but I need to show proof that I paid the first one off and no longer own the home.
Since I sold the home more than 15 years ago, what would be the easiest way to get proof that the loan was paid and I no longer own the home?
Second question: Is there an eligibility calculator out there to see how much I would be eligible to borrow on a VA home loan?
Our gross is about $75k, and we don't have any loans (other than current mortgage, and we will sell the current house first) or revolving credit payments. Of course I have deductions for pension and medical premiums, as well as other recurring expenses like utilities and food. I'm hoping to be eligible for $200k.


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Your friend,
Kate Ford
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