AztecMatt

I currently have a mortgage with a VA loan (originally $375k loan, now owe $350k) in San Diego county. The VA Home Loan site states, “Lenders will generally loan up to 4 times a veteran’s available entitlement without a down payment”. (Benefits.va.gov)

VA loan limits are the same as Federal Housing Finance Agency’s limits. San Diego’s limit is $701,500 (according fhfa.gov)

If I am looking to get a second VA loan in Alameda, CA (loan limit $765,600) would my remaining entitlement be based off of San Diego or Alameda? My remaining entitlement would be around $300k - $400k in either case. If lenders do in fact loan up to 4x that remaining entitlement, I should be fine to qualify for a VA loa

I am moving in 2.5 years and plan on selling property B to purchase a home at my new location (not sure where yet, but I am almost certain to buy there). I won't be able to qualify for a third mortgage given my income. I don't have any debt, and am able to comfortably put about $800/month extra towards the principal of either property. Should I put the $800/month towards property A, which I plan on having as a long term investment property, or should I use the $ towards principal for property B, which will be sold anyways? Down payment on future house is not a concern, as property B has built up some nice equity.

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Property A:

300 Months left on mortgage. I plan on keeping this

As an Aztec alumn, football season ticket holder and MLS fan (Go Sounders), I just can't stand how this drama is getting dragged on. Look, the MLS clearly wants to come here and their "deadline" is just being used to pressure SD into that 2020 opening. The FS plan looked great and I was glad SDSU was on board, until more and more about it actually came out. It really does look like a giant money grab. My point is that why is this being rushed? Why not wait until 2018 election and get multiple ideas out there that fit both SDSU and MLS and that aren't sketchy AF. San Diego has both loyal soccer and SDSU football fans that should be working TOGETHER to support a plan that's best for everyone.