Funding For Assumable Loans

[Dan Flannery]

I have came across a home with a 2.75% assumable VA loan in a great location. This Property will make for an excellent investment as a house hack then eventually a long term rental which I am pretty excited about considering the current housing market conditions. The only issue, is that I don't have enough capital to cover the difference between the asking price and the assumable loan amount. Has anyone found any way to get financing for something like this?

Thank You!

[Eliott Elias]

You can get creative with the down payment. You can do what is called an owner carry and pay the equity along with the mortgage every month. What I would do is turn my negotiation light on and bring the purchase price down.