jadepotts1723 jadepotts1723
  • 18-01-2020
  • Computers and Technology
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A veteran had a VA loan using his full entitlement. He allows another veteran to assume the loan without VA approval. Could he immediately get another VA loan.

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aaregbe
aaregbe aaregbe
  • 18-01-2020

Answer:

No. He is still liable for the loan

Explanation:

The veteran made a mistake by giving his permission to another veteran to assume the loan without the approval of the VA. He should have consulted the VA and ensure that the proper approval is provided before allowing the other veteran to assume the loan. Therefore, he cannot get another VA immediately because of the previous loan he is liable to.

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