Home / FAQs / Only a portion of my eligibility is available at this time because my prior loan has not been paid in full even though I don’t own the property anymore. Can I still obtain a VA guaranteed home loan?

Only a portion of my eligibility is available at this time because my prior loan has not been paid in full even though I don’t own the property anymore. Can I still obtain a VA guaranteed home loan?

It entirely depends on the condition but yes, a veteran has the opportunity to obtain a VA guaranteed home loan. In case the veteran has used some parts of his/her eligibility, the left portion of the eligibility will remain available for the veteran to utilize. Of course, the veteran must have a conversation with the lender to determine if the left amount will cover the loan or if a down payment will be needed.

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