If your seller currently has a VA loan on their home, advertise it (not just in financing available section) so me and other Realtors will know that loan can be assumed. If the seller is in a tough situation this is good to know because it can attract more buyers and investors. VA Loans are assumable at the same interest rate, HIGHLIGHT> any loan that was originated before March 1, 1988 can be assumed without any qualification. VA Loans can be assumed by veterans or non veterans, occupants or non occupants A seller can use various creative financing techniques to sell their home such as no discount points, no low appraisal, appraisal requirements, can close in days instead of weeks or months, can be sold on installment sales without VA or lender's permission as long as the title does not change hands and the veteran remains liable.
Let's serve our community the way our veterans served us!
La'Wanda Lendsey, Century 21 Paramount
Your Real Estate Counselor and Wife of a Military Veteran
832-545-7005
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The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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