at 7514 Shadyvilla LN, Suite A , 77055
Security America Mortgage, Inc. is a VA Approved Lender with vast lending experience in all home loans (Conventional, FHA, VA) and helping all Americans.
Welcome to Security America Mortgage, Inc., NMLS 355253 Facebook Page! We are a Nationally Recognized VA Approved Lender, providing VA Mortgage Services and Funding for America's Honorable Military Servicemembers. Our VA Mortgage Experts make the VA Home Loan Process simple to understand, transparent for fast VA approvals, and fun for veterans or active duty military who are purchasing or refinancing their home. Compared to other companies in the NMLS industry, we differ by setting our values toward quality, not quantity, and we do this best by providing VA loan advantages along with a "SERVICE FIRST" mind set. Helping those who served in the United States Military Armed Forces is by far our greatest mission, and we are honored to be America's Preferred VA Lender.
Can a Veteran reuse his VA eligibility while currently paying on a va loan? Answer according to VA guru Sebastian Burfitt is - Yes, your eligibility is reusable depending on the circumstances. Normally, if you have paid off your prior VA loan and disposed of the property, you can have your used eligibility restored for additional use. Also, on a one-time only basis, you may have your eligibility restored if your prior VA loan has been paid in full but you still own the property. In either case, to obtain restoration of eligibility, the veteran must request restoration through a VA approved lender. Additionally, if a veteran has already used a portion of his or her eligibility and the used portion cannot yet be restored, any partial remaining eligibility would be available for use. The veteran would have to discuss with a lender whether the remaining balance would be sufficient for the loan amount sought and whether any down payment would be required.