Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Assuming a VA loan - questions!
Good morning BP!
So, my husband and I have had a deal drop into our laps that would be so great! It’d be our fourth door in four years, and would spare us one more move (house hacking with small children ain’t for the faint of heart!).
Our friends want us to buy their house by assuming their VA loan. I know that it’s possible and my mortgage broker confirmed that as long as we passed the credit check by the VA - and we have excellent credit so I don’t see a problem there - we could probably do it.
How does one go about this? Walk me through Off Marker Loan Assumption For Dummies. I need some resources or guidelines for what we would do and who to call to get this done.