collapse

Advertisement


Author Topic: VA Loans are Assumable/No Vet Needed  (Read 1302 times)

Offline pianoman9701

  • Mushroom Man
  • Business Sponsor
  • Trade Count: (+5)
  • Legend
  • *****
  • Join Date: Mar 2011
  • Posts: 44805
  • 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

Utah cow elk hunt by bearpaw
[Today at 07:18:51 PM]


AUCTION: SE Idaho DIY Deer or Deer/Elk Hunt by highside74
[Today at 07:15:39 PM]


Archery elk gear, 2025. by pianoman9701
[Today at 04:58:27 PM]


Oregon spring bear by kodiak06
[Today at 04:40:38 PM]


Tree stand for Western Washingtn by kodiak06
[Today at 04:37:01 PM]


Pocket Carry by BKMFR
[Today at 03:34:12 PM]


A lonely Job... by Loup Loup
[Today at 01:15:11 PM]


Range finders & Angle Compensation by Fidelk
[Today at 11:58:48 AM]


Willapa Hills 1 Bear by hunter399
[Today at 10:55:29 AM]


Bearpaw Outfitters Annual July 4th Hunt Sale by bearpaw
[Today at 08:40:03 AM]


KODIAK06 2025 trail cam and personal pics thread by Boss .300 winmag
[Today at 07:53:52 AM]


Yard bucks by Boss .300 winmag
[Yesterday at 11:20:39 PM]


Yard babies by Feathernfurr
[Yesterday at 10:04:54 PM]


Seeking recommendations on a new scope by coachg
[Yesterday at 08:10:21 PM]


Sauk Unit Youth Elk Tips by high_hunter
[Yesterday at 08:06:05 PM]


Jupiter Mountain Rayonier Permit- 621 Bull Tag by HntnFsh
[Yesterday at 07:58:22 PM]


MOVED: Seekins Element 7PRC for sale by Bob33
[Yesterday at 06:57:10 PM]


3 pintails by metlhead
[Yesterday at 04:44:03 PM]


1993 Merc issues getting up on plane by Happy Gilmore
[Yesterday at 04:37:55 PM]

SimplePortal 2.3.7 © 2008-2025, SimplePortal