Two VA Loans at the Same Time? Yes, it is absolutely possible to have two VA home loans at the same time. And you can definitely qualify for a VA loan even if you defaulted on one in previous years. Don’t let anyone in the mortgage or real estate industry tell you differently. The key is something called Second-Tier Entitlement, also commonly referred to as VA Bonus Entitlement. You can learn more about it here: If you are not able to watch the video, click here to find out if you qualify, or simply give me a call!