Want to purchase second home while owning a home with va loan?

Sep 04, 2010 by MOISES | Posted in Renting & Real Estate

I own a home in New Mexico financed by a VA loan. For security reasons I need to move to Texas. Due to currrent market conditions we can't sell the home. I would like to purchase another home in Texas using VA entitlement. What is the computation to find

They probably used your entire entitlement on the first home even if they didn't have to- it makes that loan more secure.

Any loan officer could sit down with you -get your info and get this answer within a very short time. Find a good

glenn | Sep 04, 2010

Sorry, can't do it...you can have only one VA loan at a time.
Glenn S | Sep 04, 2010

Can own a second home in the same county/state and not do an investor loan?

Apr 10, 2007 by CJ | Posted in Renting & Real Estate

A friend of mine who is a lender has told me that you cannot buy another house in the same state and go 2nd home on it, it would have to be investor, that the definition of 'second home' would apply to a home in another state.
I already own my

Your friend, while probably well-intentioned, is misinformed. Lenders all have different criteria when it comes to defining a second home. However, most will agree that as long as the second home is at least a certain distance (say 50 miles) from the

real pro | Apr 10, 2007

What You Need to Know When Buying a Second Home | Pruitt Real Estate, Inc. | Melbourne, FL USA

Have you been dreaming about owning that ski condo with the fabulous mountain view? Or a seasonal cottage on the lake? A second home can be a ...

The Enclave by William Lyon Homes Is in the Business of Making Dreams Come True

22.05.12

FAIRFIELD, CA, Mar 20, 2012 (MARKETWIRE via COMTEX) -- The reality of owning a brand new home is even better than the dream, and The Enclave is priced just right to get growing families and mature couples moving. Smart consumers who purchase at this William Lyon Homes neighborhood enjoy the rewards of a new luxury home, potential tax benefits, plus the prestige of a golf course community. This impressive list keeps going and with prices from the mid $300,000s, now is a great time to discover The Enclave, the last new home opportunity in Paradise Valley.

Source: MarketWatch (press release)

owning a second home - Bookshelf


Buying a Second Home, Income, Getaway Or Retirement
390 pages 		Buying a Second Home, Income, Getaway Or Retirement

Creator: Craig Venezia | Business & Economics - 2009-03-01
The 2nd edition is updated to reflect the current market, including information on dealing with stricter mortgage criteria.
Publisher: Nolo
The Complete Guide to Buying a Second Home Or Real Estate in Mexico, Insider Secrets You Need to Know
288 pages 		The Complete Guide to Buying a Second Home Or Real Estate in Mexico, Insider Secrets You Need to Know

Creator: Jackie Bondanza | Business & Economics - 2009-12-30
This book is a must-have for the investor considering a second home below the border.
Publisher: Atlantic Publishing Group (FL)
Passport to Exotic Real Estate, Buying U.S. And Foreign Property In Breath-Taking, Beautiful, Faraway Lands
256 pages 		Passport to Exotic Real Estate, Buying U.S. And Foreign Property In Breath-Taking, Beautiful, Faraway Lands

Creator: Steve Bergsman | Business & Economics - 2009-04-20
With this book as their guide, readers will be fully prepared to overcome the obstacles of overseas property ownership and discover the benefits of living/vacationing abroad.
Publisher: Wiley

Buying a second home resort

by We love disney

If you choose the same UY, then your new deed can be added to your existing master contract. Your original deed is numbered xxx.000, and your new add-on deed will be numbered xxx.001. If you buy direct from Disney, you can add on as little as 25 points at a time. If you buy through the resale market, Disney will still add the new contract to your existing master contract as long as it has the same UY and the deeds are titled exactly the...

Read more...

owning a second home - buying a second home - EquityLoanInNews.com

"Adventure Pack Triple Feature"
(Family Christian Stores)
Price: $10.04

Together their superlative powers of observation and forensic fortitude can solve any crime. Grab your passports and join Cuke, Martin (Bob the Tomato), Rattan and the VeggieTales gang on their adventurous journey in the search for Samson's hairbrush and a better way to deal with...

owning a second home - News


How to Sell Your French Property to Avoid New Second Home Tax
Shelter Offshore - May 23, 2011
How to Sell Your French Property to Avoid New Second Home Tax Owning a second home abroad became fashionable too, and certainly something for middle class Brits to aspire to - whether as an investment asset or as an asset to be enjoyed by all the family. Some who bought a home in France also went on to realise

A second home need not be just a distant dream
The Independent - May 21, 2011
Whatever your second home aspirations, before you leap into buying bear in mind the warning of Mr Hollingworth: "It is important to do your research as many holiday homes, particularly those in developments, have restrictions as to who can sell on to,

Home Insurance: Are You Covered for a Flood or Tornado?
CBS MoneyWatch.com (blog) - May 23, 2011
People who own vacation homes and second homes have special insurance needs to consider. When buying or updating homeowners coverage on a second home, be sure to disclose to the insurance company that the home is a vacation home, the amount of time you

Sign of the times
American Chronicle - May 23, 2011
Because of the risk and potential work involved, buying a foreclosed property may be better suited for an investor than for a family looking for a home to move into. Then again, it's probably still worth looking into a foreclosed property as your

Mortgage Disclosure Forms Get a Much-Needed Makeover
Home Buying Institute - May 24, 2011
The GFE got its own makeover in 2010. Now it's back on the drawing board. Consumer advocates have long argued that borrowers receive too many documents from lenders, and that the information is hard for the layperson to interpret.

Call for a free credit repair consultation today (877) 278-5682

Related deals