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Updated about 3 years ago, 11/03/2021
Va Loan Assumption Questions
Hello everyone.
I have a fourplex on the market that has very high cashflow and good terms that is under a VA loan. I was contacted by a real estate agent today with a client who would like to offer full price but assume the loan. I understand the person is a civilian and my entitlement would remain with the loan until refinanced or paid off.
My question is if any one here has had experience with VA loan assumptions and if my plan has been done before which is:
Either A: Have a clause that gives them a certain time period to refinance the loan to free up my entitlement
or B: Offer more money for keeping the entitlement for the remaining 25 years.
Any insight would be great, thanks!