Written by: Veterans United guest blogger
There is nothing fun about foreclosures, especially for military homeowners who used their VA home loan. But a loan program defined by big benefits has some even in the face of foreclosure: Defaulting on one does not mean another VA loan is impossible in the future.
Using another VA loan after a short sale, foreclosure or deed-in-lieu of foreclosure is not out of the question. It depends in large part on how much VA loan entitlement you have remaining, since some is likely tied up in the foreclosed property.