Tips when trying to assume a VA loan from a seller

2 Replies

I'm looking into potentially assuming a VA loan on a house. Was just interested to see if anyone has had any experience with assuming a VA loan and if there were any suggestions on what to look for or what to avoid when assuming a VA loan.

Thanks! 

-Clint

Not a lot of decisions, other than how much to pay the seller above and beyond the mtg balance.  Either you get qualified, or you don’t.  You will of course be paying property taxes and insurance.

Are you substituting your entitlement?  Either way, assuming a loan is a very difficult process and much harder and takes much longer than getting a new loan