VA Loan Assumption

[Andy Selby]

Hi, has anyone had any luck buying a rental property through assuming a VA Loan? I've read it has to be your primary residence, and I've also read investors can assume the loan with a lengthy loan application process for rental purposes even if they are not a veteran. Conflicting information.

[Mike Dmuchoski]

Hi Andy. VA loans can be assumed as a primary, secondary, or investment property. And you do not have to be a veteran. With the right team, they take on average 90 days to close.

I've sold a few dozen of these to my investor clients.  If you want an "easy" button, look elsewhere, but I believe they are the most powerful instruments available in today's market (although I'm biased)...