What is Secondary/Bonus Entitlement??

Welcome to the Vetted VA podcast. The VA Loan Your Journey Home. This is a podcast where we go beyond the surface of VA home loans. Join us every week as we team up with leading mortgage and real estate experts who've gone through the vetted VA training and vetting process. We dive into everything you need to know from your initial contemplation of buying a home. In this episode, we're going to talk about something that is commonly misunderstood or not even known by some, secondary entitlement also known as bonus entitlement. There are all sorts of misconceptions out there that if you've used your VA loan, you cannot use it again. Or if you have a current VA loan, you cannot use the VA loan again to buy another house. We are going to clarify that. We will clear up the confusion and talk a little bit more about real world examples of how this actually works and how utilizing your VA loan legally, correctly according to the guidelines, you can use it more than once and sometimes at the exact same time. So take a listen. If you've been in the Vetted VA Facebook group for any amount of time, you'll probably recognize some of these names bringing you this information. Jerry Avila. Matt Burkhead, Randy Teakell and again, hosted by Josh Lewis. They're going to talk through secondary and bonus entitlement, how to get the most out of your earned benefit. And as always, if you have other questions, check it out. VettedVA.com to find a professional in your state to help you out or go to the Facebook group and search for Vetted VA. We hope you enjoy the show. We hope you enjoy this. And if you have any other follow-up questions. Let us know at [email protected]. Enjoy! 00:00 Introduction 03:01 What is secondary entitlement? 07:13 Loan Limits 09:23 Loan Limits vary based on where you live 14:34 How foreclosure affect your entitlement 16:59 COE 22:44 How to calculate entitlement 28:03 Why is a VA loan better and any other type 29:28 Rates comparison 32:33 Are there times you shouldn't use your VA loan? 33:48 Refinance Option for a VA loan 37:10 Advice from our Vetted VA Loan Officers Engage with Vetted VA ⁠⁠⁠⁠⁠Nathan Knottingham on LinkedIn⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Christopher Griffith on LinkedIn⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Nathan Knottingham of Facebook⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Christopher Griffith on Facebook⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Vetted VA on Facebook⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Vetted VA Website⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠The episode on YouTube⁠⁠⁠⁠