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Updated almost 3 years ago on . Most recent reply

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Matt Dunaway
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Loan assumption and junior mortgages

Matt Dunaway
Posted

I'm selling my house and am going to let someone assume my VA mortgage at a really low rate. They need a junior mortgage to cover the difference between purchase price and the outstanding loan balance.

My lender isn’t licensed to do junior mortgages. 

I live in Denver colorado and am curious if anyone has has any luck with a lender that could make that work. 

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