After a borrower allows the assumption of his or her VA loan, when may he or she use the VA loan privilege again?

When a borrower allows the assumption of a VA loan, the ability to use the VA loan privilege again is tied to the satisfaction of the original loan. Satisfying the loan means that the original borrower has either fully repaid the loan or has discharged the obligation through an approved process. This action effectively frees up the borrower's entitlement, allowing them to access the VA loan benefits once more.

Using the entitlement again is significant for borrowers who may want to purchase another home using a VA loan after they have assumed a loan to someone else. In this context, simply selling the house or moving the loan to another borrower does not remove the borrower's obligation under the original loan unless it is satisfied. Therefore, the key factor is the complete payoff or fulfillment of the original VA loan, which permits the borrower to utilize their VA loan entitlement again for future property purchases.