Found 1 blog entry tagged as assumable VA loan.

Realtor.com writes, "Many would-be homebuyers today are sidelined due to one financial hurdle: high mortgage rates that are pushing ever closer to 7%. Yet instead of getting a 2024 rate, some Veterans can get a low rate from years ago.

For military families, Veterans Affairs loans (or VA loans) offer a unique edge: the option to assume an existing VA loan from a seller, keeping the original low rate intact.

For qualifying buyers, these assumable VA loans, known as assumable mortgages, can mean major savings—especially when today’s rates are considerably higher than what sellers locked in years ago.

“If both buyer and seller are VA loan-eligible, the seller can pass on their current mortgage, and current rate, to the buyer without forfeiting…

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