.* How does it benefit the buyer when the owner carries the loan? 

It is currently on a conventional loan with over 20% equity.

Read everything that @Henry Clark posts, all of the information is in his posts.Don't get burned on the PSA or loan docs.

Conventional bank loan Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was a bit interested in Assumable a loan for a property and know about most of the details, as well as bringing extra money to the table, I just wasn’t sure if I would be able to assume an FHA or VA loan if I already have both and the VA entitlement was already maxed out. 

If most loans locked in a fixed rate before the interest rates started increasing in 2022, they will not be impacted by rates going up.

Hi Rahul, A flip loan and permanent financing are really two different loans.

I have been pre-approved for a va loan that is just more than what her mom owes on the home.

Are you looking for financing for the acquisition, rehab, permanent financing (take-out loan), or all of the above?

If you work with Hard Money Lenders, they will loan off the Loan to Cost, usually 80% if you are 1st time investor.