VA Loans made prior to March 1, 1988 can be assumed with no qualifying of the new buyer. If the buyer defaults the property the Veteran homeowner may be liable for the funds.Some sellers are hesitant to work with someone obtaining a VA Loan because it takes longer than a…

100% Financing & No Down Payment LoansNo Private Mortgage (PMI)No Penalties for Prepaying the LoanCompetitive Interest RatesQualification is Easier than a Conventional LoanSellers Pay Some of the Closing CostsCan be combined with additional down payment assistance to reduce closing costs

Yes, your eligibility is reusable depending on the circumstance. If you have paid-off your prior VA Loan, and disposed the property, you can have your eligibility restored again. Also, on a 1-time basis, you may have your eligibility restored if your prior VA Loan has been paid-off, but you still…