Yes, @Blake McWilliams is right, you can assume a loan with the 'Assumptions Dept'...but be prepared for a long wait.

I have a 2.5% assumable VA loan with over $520k remaining and the homes price is $785,000.I considered posting in community forums on FB but that’s not allowed.

I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools.

Why focus on assumable as opposed to working on Sub2 deals? 

@Amanda Nelson Hi Amanda, it’s true that an investor can assume a VA loan.

Is the loan assumable? 

She's thinking of trying to assume the loan but I told her I'd try to see if there is a better way to move forward.

You could just continue to rent it out assuming the city's not involved and assume it's grandfathered in.

In Atlanta area, how much does it cost to convert a two-car garage into a living space, assuming the garage is not heated/aired?

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?