Updated almost 5 years ago on .
Getting around VA loan entitlement
Currently, I live in a home where I used my VA loan. I have 310k left in entitlement, but the house and land we want to build on would cost between 400-500k. What are some creative ways people have gotten around this? I am trying to find the best way to spend the least out of pocket.
What I have heard so far:
Refinance current home to regain entitlement (90-120 days)
Try to close on old home and new home within same day/week. (This would require more money out of pocket)
Cash out refinance to regain entitlement (90-120 days)
I look forward to hearing some creative approaches!
Thank you!