In a world where most mortgages are not assumable, you might wonder are VA loans assumable? The short answer is yes, they are. That puts you, as the seller with a VA loan, in a unique position. Giving the buyer the ability to assume your mortgage and buy your house in a climate of rising interest rates is a significant benefit. However, assuming a mortgage can get a little complicated, especially because you want to be able to protect your VA loan benefit.
Tag: VA Loans
Getting a VA Loan with Bad Credit | It is Not Just About Your Credit Score
If you are wondering about getting a VA loan with bad credit, you’re not alone. It is a common question asked by our veterans and active-duty service members. This article explores how securing a VA loan with bad credit is not only possible but also more accessible than you might think, thanks to the unique benefits and allowances of the VA loan guarantee program.
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What is a No Money Down Mortgage?
One of the biggest barriers to buying a home is the down payment. It can be especially hard for first time home buyers to save enough money for a large down payment. Thankfully, there may be another way. With a no money down mortgage, you can still achieve your dream of home ownership with little to no money down.