About Doug Walker Expertise Fair and honest lending is my passion. I've been in full time in the mortgage business for 20 years as a loan officer, manager, owner, underwriter - and can probably handle most any question. I can help you save money on your next mortgage loan by explaining closing costs and identifying fair fees and "junk fees".
Experience I have owned my own company as a broker and a banker, managed large production teams and have been a top producer in personal loan production. My experience includes all types of real estate lending: Conventional, FHA, VA, contruction and development loans. I currently work for one of the largest mortgage lenders in the nation and specialize in jumbo loans for private banking clients.
Education/Credentials I have obtained mortgage and real estate licenses and have taken numerous continuing education courses. My certifications include underwriting authority for loans up to $1,000,000 and instructor for first time home buyer education courses.
Awards and Honors President's Circle, Market Builder of the Year
Question If I already have a mortgage can I still buy another house with my va loan or do I have to wait
Answer Hi Mary,
VA allows you to have more than one loan at a time. They don't allow you to buy investment properties with a VA loan, so the new home has to be an owner occupied loan.
VA has what is known as a "certificate of eligibility". The lender you work with for the new loan will request this certificate from the VA. If you already have a VA loan outstanding, the eligibility will be reduced by a factor of that current loan. So, depending on the balances of the current loan and the requested loan, you may or may not be able to finance your desired purchase.
About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
