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Need a VA-backed second mortgage? Here’s how it can work

February 27, 2018

From the Military Times website

While a second mortgage may not be a preferred financial option, unexpected expenses or other budget crunches may make it a requirement.

Troops and veterans seeking an additional mortgage may qualify for a VA-backed loan, even if their property’s first mortgage was financed using their VA benefits.

There are some hoops to jump through. Here’s a breakdown, from the VA Lenders Handbook:

From → Benefits

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