How much can I purchase on a second-tier VA loan?I have a townhouse in Colorado which I used a VA + FHA loan for. I bought it in 2006 for $150k and owe approximately $130k. The value fell out and the z-estimate is about $107k which is not too far from the actual value. So I'm currently renting that home out. Can't sell it.I'll be moving to Alabama (Coffee County or Dale County) soon and interested in purchasing another home. How much is my second-tier entitlement? It's such a confusing formula but I've noticed there's some real experts on here. May 07 2014 - Enterprise00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.