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Chris Martinez
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3
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Hunting down VA Loan assumption??

Chris Martinez
Posted

Hey everyone! Finally took the plunge and decided to post on here. BLUF: Does anyone have any good tricks to find properties that have VA/assumable loans? I've tried searching "loan" "assumption" or "VA" on Zillow with mild success, and my realtor is finding like 1 property a week which doesn't seem like nearly enough based on living in the DC area.

Also, I currently have 2 VA loans on other properties, and have determined for Fairfax county I have about $400k of eligibility remaining. Am I able to assume a $600k VA loan if I put $40k down? (and obviously pay the appreciation)

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