Buying a house without paying a down to the bank.

[Chris Coltrin]

Hey Guys!,

This situation might be very specific but I am needing help solving this issue.

I have someone who would like to sell me their Airbnb House they currently have it under a VA Loan with the Local housing authority.

it is assumable but would require me to put more down and would limit their use of the VA Loan until i refinance out of it.

the Local Housing authority has been calling mortgages due to anyone they find that are owner financing homes while still having an active mortgage from them on. 

The Person is wanting to sell me their home for the amount of Equity they have built in it right now. approx. 20K

The Seller has agreed to Let me Lease to own and sublet the home and continue to run it as I see fit. ( i am going to keep it as a AirBnb)

Is there a way transfer me onto the deed and then refinance the house out of the VA Loan and into my name?

Goal is to pay him for the house 20K ish have the mortgage for the remaining amount owed and not have to come up with 25% down for the mortgage.