Previous use of VA eligibility does not prevent you from obtaining a Veteran Mortgage; however there are a few differences. Depending on your situation your previous mortgage may need to be paid off before your eligibility can be restored.
If you intend to sell your home that you previously used your eligibility on, and buy your next home shortly afterwards, then we would help you do a “rapid restore” of your eligibility. Basically we set up the mortgage for your new home, and then once your previous home sells we will quickly get your eligibility restored through the VA so you can obtain final approval and close on your new home.