collapse

Advertisement


Author Topic: VA Loans are Assumable/No Vet Needed  (Read 1322 times)

Offline pianoman9701

  • Mushroom Man
  • Business Sponsor
  • Trade Count: (+5)
  • Legend
  • *****
  • Join Date: Mar 2011
  • Posts: 44912
  • Location: Vancouver USA
  • WWC, NRA Life, WFW, NAGR, RMEF, WSB, NMLS #2014743
    • www.facebook.com/johnwallacemortgage
    • John Wallace Mortgage
VA Loans are Assumable/No Vet Needed
« on: April 09, 2022, 08:46:11 AM »
Do you have property that you want to pass to someone for the remainder of the principle without losing that low rate on the note you got a year and a half ago? You can and it's fairly simple to do. The person assuming the debt need not be a vet.

VA loans are assumable for a fee by the lender holding the note. There's normally a one-time fee of approximately $300-400, in addition to a VA funding fee of .05%. The person(s) taking over the loan must qualify with debt to income, but unless their low credit score disqualifies them, score has no impact - the rate stays the same. That .05% funding fee can be waived if the assumer is a vet with a service-connected disability rating of any %. The assumer must not be delinquent in any federal debt, such as another mortgage, student loans, etc. The original loan must be at least 210 days old.

Let me know if you need more information.
"Restricting the rights of law-abiding citizens based on the actions of criminals and madmen will have no positive effect on the future acts of criminals and madmen. It will only serve to reduce individual rights and the very security of our republic." - Pianoman https://linktr.ee/johnlwallace https://valoaneducator.tv/johnwallace-2014743

 


* Advertisement

* Recent Topics

Anti-Snagging Rule ? by CP
[Today at 08:53:36 AM]


Looking for River Bank Salmon Fishing Help, Tips, etc: Lewis Co Area by AROTTY
[Today at 07:39:42 AM]


2025 Montana alternate list by tdot24
[Today at 07:34:07 AM]


Pinks! by brocka
[Today at 07:12:17 AM]


More Kings! by trophyhunt
[Today at 06:56:37 AM]


Bass Pro Strikes Again by Rat44
[Today at 03:12:46 AM]


Cat tracks? by mountainman
[Today at 02:21:59 AM]


Leupold scope recommendation by EnglishSetter
[Yesterday at 10:22:41 PM]


AUCTION: Custom knife by Alden Cole by Dan-o
[Yesterday at 09:31:48 PM]


HUNTNNW 2025 trail cam thread and photos by Mfowl
[Yesterday at 07:36:54 PM]


Got your bear ID test done..🤟 by ghosthunter
[Yesterday at 07:36:29 PM]


Share your out of state experience by jackelope
[Yesterday at 06:52:14 PM]


Rats in RV roof by SHED REAPER
[Yesterday at 06:14:15 PM]


Happy opening day! by Ghost Hunter
[Yesterday at 05:46:39 PM]


Please Comment on new Game management Plan, RE Furbearers by Not selected
[Yesterday at 03:02:34 PM]


2025 Canning by Twispriver
[Yesterday at 02:34:58 PM]


WSTA 2025 Summer Rendezvous Agenda by JakeLand
[Yesterday at 11:15:59 AM]


Mamma's and babies by Brute
[Yesterday at 11:15:50 AM]


Time to refi? by pianoman9701
[Yesterday at 10:42:51 AM]


Heartbroken!!! by FamilyMan01
[Yesterday at 09:12:23 AM]

SimplePortal 2.3.7 © 2008-2025, SimplePortal