Refinancing into VA loan

[Austin Merritt]

I am looking to purchase a new primary residence in the next year with a conventional loan. I plan on making my current primary residence into a rental property, but about all of my VA loan credit is tied up in this current home.

My question is, if I decide to refinance my next residence into a VA loan in a few years, what options do I have?

[Steve Vaughan]

Quote from @Austin Merritt:

I am looking to purchase a new primary residence in the next year with a conventional loan. I plan on making my current primary residence into a rental property, but about all of my VA loan credit is tied up in this current home.

My question is, if I decide to refinance my next residence into a VA loan in a few years, what options do I have?

Just buy your new primary with 5% down conventional financing.   Bonus- no funding fee.
No origination fee either if you use a direct lender like your local bank or CU.  

[Jay Hurst]

Quote from @Austin Merritt:

I am looking to purchase a new primary residence in the next year with a conventional loan. I plan on making my current primary residence into a rental property, but about all of my VA loan credit is tied up in this current home.

My question is, if I decide to refinance my next residence into a VA loan in a few years, what options do I have?

@Austin Merritt You mention your VA loan credit is tied up on the current home. If that is true, then you simply would not be able to use your VA loan until you have refinanced out of your VA loan or sold that property. However, you can have more then one VA loan at once If you have not used all of your entitlement. So, it may be the that you can have two VA loans depending on the loan amount. VA entitlement calculator.