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Your rate stays with the loan
The buyer applies to assume your existing mortgage. Your loan servicer reviews the buyer and must approve the transaction.
Sell your home at full market value. Explore how your existing loan could help your home stand out.
Have a low-rate VA mortgage? Your home may offer buyers something other listings can't: the opportunity to take over your existing loan through an approved assumption.
Ask how your low rate could help your home stand out—and potentially strengthen your sale.
A loan assumption allows an approved buyer to purchase your home by taking over the remaining balance of your existing VA mortgage, generally keeping its interest rate and remaining repayment term. If your rate is lower than financing available to that buyer today, it can make your property especially appealing.
The buyer applies to assume your existing mortgage. Your loan servicer reviews the buyer and must approve the transaction.
The sale price is negotiated separately from the loan balance. The buyer must arrange funds for the gap between the purchase price and the assumed balance.
A low rate can give qualified buyers another reason to choose your home. We help present that advantage alongside your property's value.
We’ve helped hundreds of Veterans sell their homes, with a focus on getting top dollar and making the next move easier.
We start with your goals, build a marketing plan around what makes your home special, and guide you through pricing, buyer interest, negotiations, and closing.
For a home with an assumable VA loan, that means helping buyers understand the opportunity and coordinating with your loan servicer as the assumption moves forward.
No. A qualified non-Veteran may also assume a VA loan. The buyer must meet the required credit and income standards, and the loan must be current at closing.
Not automatically. Release from liability and restoration of entitlement are separate. Your entitlement generally remains tied to the loan unless an eligible Veteran buyer completes an approved substitution of entitlement. Ask your servicer or VA how the transaction affects your future benefits.
A desirable rate can be a negotiating advantage, but an extra payment or higher sale price is not guaranteed. Your home's value, buyer demand, available funds, and approved transaction terms determine what is possible. Ask Chris to review your specific situation.
Work with your loan servicer to obtain the required assumption approval and release of liability. Do not assume that transferring ownership by itself removes your obligations.
Chris will follow up to learn about your home, your timeline, and what you want to accomplish. You can discuss whether an assumption may fit your sale, with absolutely no obligation.
Learn more: VA assumption and entitlement guidance · About EmpowerHome Team
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Chris Johnson • EmpowerHome Team
Keller Williams Realty at the Lakes
[email protected]