Two VA Loans at the Same Time? Posted on January 27, 2017 by Heather McCourt Tweet 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!