Zachary Love
By being limited to what is available in exchange for a much more affordable home, you’ll have far fewer properties to choose from. However, what you lack in selection is made up for in savings: what is hundreds less per month and tens to hundreds of thousands less over time worth to you?
Mortgage assumption is tricky to find and difficult to complete. We are using our expertise in mortgage and real estate to fill this need in the market. Our program advantages everyone involved – the veteran, the buyer, the VA, and our firm. We have perfected the process for your benefit.
For home buyers, the value is based on what they will pay monthly. We do not require an appraisal, nor does the loan servicer who approves the assumption. There is no bidding – an eligible buyer can enter into a contract at a fixed price.
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.
Providwell, Inc. is creating opportunities for home buyers and sellers by providing superior alternatives to traditional real estate through VA home loan assumption.
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