Benefits of loan assumption for Seller and Buyer For Seller: Reduced Costs Whereas a traditional real estate sale will cost the seller of a property 6% (on average in San Diego – 5% commissions and 1% transaction costs), an assumption through Providwell will generally shift all of these costs to the buyer. This allows the … Read more
Providwell versus existing options. Often, our clients find themselves in a position where they would like to sell their home, but have minimal equity. This creates a challenge because home sellers typically rely on the home’s equity to pay the selling costs- including realtor commissions and other transaction costs. Traditional options include coming out of … 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.
Providwell, Inc. is creating opportunities for home buyers and sellers by providing superior alternatives to traditional real estate through VA home loan assumption.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.Compilation © 2023 San Diego MLS. Last Updated: December 14, 2024 5:22 PM UTC
