One of the more under-the-radar benefits of VA loans is that they’re assumable. An assumption is generally defined as a purchase transaction where the purchaser takes over the liability of an existing mortgage from the seller.

With a whiteboard and marker, VA loans expert, Chris Birk, explains what loan assumption options are available to those who may be interested.

Time Stamps
0:11 - What It Means to Assume a Loan
0:24 - Some Lenders Don't Allow for Assumptions
0:58 - Release of Liability
1:31 - VA Loan Entitlement Risk
2:26 - Take Advantage of Lower Interest Rates
2:59 - Paying the Funding Fee

Watch the entire VA Loan Guide to Homebuying here:    • Everything About VA Loans: A Guide to...  

Learn more about loan assumptions: https://www.veteransunited.com/education

For more on homeownership and mortgages, follow us on:
Facebook:   / vuhomeloans  
Twitter:   / veteransunited  
Instagram:   / veteransunited  
TikTok:   / veteransunited  

#LoanAssumptions #VALoan

VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203
Veterans United Home Loans NMLS #1907 (www.nmlsconsumeraccess.org). A VA approved
lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
Licensed in all 50 states. For state licensing information, please visit www.veteransunited.com/Licenses.
Equal Opportunity Lender