Zachary Love
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.
It depends on whether the assumer is a veteran (who can substitute their own entitlement) or a civilian. If a civilian assumes your mortgage, the portion of your entitlement you used is tied up until the loan is paid off.
No. The loan balance, interest rate, and monthly mortgage payment simply transfer to the new borrower and purchaser of your home. The loan will begin reporting on their credit and will appear as fully paid and closed on yours, leaving you with no further involvement.
Absolutely! The very first page of every single promissory note on a VA loan states that the loan is assumable. This actually is part of its entailed benefits.
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
