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We recently purchased our house with the VA Home Loan with a 5% interest rate. We were informed that when we decide to sell the house, the buyer could assume the 5% interest rate. Is this common for every VA loan? If not, it is a good selling point if rates are higher then 5% at the time? Thank you for your help!
@Anonymous wrote:We recently purchased our house with the VA Home Loan with a 5% interest rate. We were informed that when we decide to sell the house, the buyer could assume the 5% interest rate. Is this common for every VA loan? If not, it is a good selling point if rates are higher then 5% at the time? Thank you for your help!
VA-backed loans are assumable, as long as the person assuming the loan qualifies.
I found that here: http://www.homeloans.va.gov/lp.htm
From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772
You can do the same thing with hard work
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