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Looking to assume a VA loan but don't know where to start? In this video, I break down the process and discuss the advantages Video Transcript: First, what is a VA assumable loan? A VA loan is a mortgage option available to eligible veterans, active-duty What Happens When You Assume a VA Mortgage? ✅
The only bad part about assumption is that the VA eligibility stays with the loan, so that the person from whom you are assuming the loan can't VA statute and regulations require an assumption be approved if: liability of a VA-guaranteed loan. An assumption may be processed