The home price is set at the current mortgage balance, closing costs, plus our realty fee of 4%. This ends up at about the mortgage balance plus 5%.
VA loans do not have mortgage insurance and charge below market interest rates. By assuming a VA mortgage, you will not only save on your monthly payments, but benefit from paying on an amortization schedule that is already underway – instead of 30 years of remaining payments, you will have 29, 28, 27, or fewer. … Read more
Because your VA loan terms are so much better than those offered by the current market, the buyer is paying less than they would be if they financed this home at market value using, for example, an FHA loan.
Assumptions are difficult transactions, which is why most of them fail. We are experts in realty and mortgage who specialize in VA loan assumption.
No. You are paired with a qualified buyer who is ready, willing, and able to take over.
Not usually, but every transaction is different. We look at every aspect of your loan terms, value, and property to determine the best solution for you.
You probably can! With any unused or “bonus” entitlement, a veteran can own 2, 3, or even more VA-financed homes. Additionally, some banks have veteran programs that don’t require any entitlement at all, such as Navy Federal, which offers a 0% down loan for vets that isn’t a VA loan.
At eXp Realty of Southern California, Inc., Providwell is creating opportunities for home buyers and sellers by providing superior alternatives to traditional real estate through VA home loan assumption.
