VA Loan Assumption

[Amanda Nelson]

Hello - I found a very compelling investment property and the agent and her preferred lender are suggesting that the VA loan currently on the property is assumable by a real estate investor. I've asked for the loan details so I can see the terms and fine print of the loan myself and am doing extensive research, but would love info from the community.

Have any of you ever successfully assumed a VA loan on an investment property?

Are there any questions you'd suggest asking to better understand this loan structure and its potential limitations?

Are there any resources you'd suggest looking into to understand loan assumption, especially VA loan assumption?

Thanks in advance for the help!

[Jay Hurst]

Quote from @Amanda Nelson:

Hello - I found a very compelling investment property and the agent and her preferred lender are suggesting that the VA loan currently on the property is assumable by a real estate investor. I've asked for the loan details so I can see the terms and fine print of the loan myself and am doing extensive research, but would love info from the community.

Have any of you ever successfully assumed a VA loan on an investment property?

Are there any questions you'd suggest asking to better understand this loan structure and its potential limitations?

Are there any resources you'd suggest looking into to understand loan assumption, especially VA loan assumption?

Thanks in advance for the help!

VA loans are assumable but the key is you will have to bring in cash the difference between the asking price and the current loan.