Assumable VA Loan

[Wilson Vanhook]

I was planning to use my 0 down VA loan on a new primary residence. But then I came across a seller than has an assumable VA loan at 2.75% interest. The purchase price is about $350k, but the assumable mortgage only has about $250k remaining. What are my options to cover the $100k difference to still get this house with 0 down?

[Tom S.]

@Wilson Vanhook  You'd have to finance that $100k in some sort of way if you don't have it.  Either seller financing (if allowed), a private loan (friends / family) or something like that.  Obviously that $100k loan would be a higher rate as it's more risky.