How Long Does a VA Loan Assumption Take?
Plan on 45 to 90 days for a VA loan assumption. The 45-day rule is a decision deadline, not a closing date. A Kansas City Realtor shows how to keep the file moving.
Main Content
Category: VA Loans & Military
Can You Use Your VA Loan Again After Someone Assumes It?
What happens to your VA entitlement after someone assumes your loan, when substitution restores it, and how to buy again with what remains.
How Much Cash Do You Need to Assume a VA Loan?
The cash to assume a VA loan is the equity gap plus fees. Two $279,000 Kansas City scenarios show why the loan balance decides the number.
Can a Non-Veteran Assume a VA Loan?
Can a Non-Veteran Assume a VA Loan? By Joe Nelson, Retired Air Force, Nelson Home Group Team Leader and Mortgage Loan Originator Yes. A non-veteran can assume a VA loan. Federal law requires the loan holder to approve an assumption…
What Is a VA Loan Assumption and How Does It Work in Kansas City?
What Is a VA Loan Assumption and How Does It Work in Kansas City? By Joe Nelson, Retired Air Force, Nelson Home Group Team Leader and Mortgage Loan Originator A VA loan assumption lets a buyer take over a seller's…
What Is VA Residual Income and How Is It Calculated?
What Is VA Residual Income and How Is It Calculated? By Joe Nelson, Retired Air Force, Nelson Home Group Team Leader and Mortgage Loan Originator VA residual income is the money you have left every month after the lender subtracts…
Does VA Disability Count as Income for a Mortgage?
Does VA Disability Count as Income for a Mortgage? By Joe Nelson, Retired Air Force, Nelson Home Group Team Leader and Mortgage Loan Originator Does VA disability count as income for a mortgage? Yes, and the answer is better than…
Does the ROAD to Housing Act Affect VA Loans?
Does the ROAD to Housing Act Affect VA Loans? Joe Nelson — Retired Air Force, Realtor and Licensed Mortgage Originator, Nelson Home Group at Keller Williams KC North Yes, and in a way most of the coverage is missing. The…
Can You Rent Out a VA Loan Home? PCS Rules and Turning Your House Into a Rental
Can You Rent Out a VA Loan Home? PCS Rules and Turning Your House Into a Rental By Joe Nelson — Retired Air Force, Nelson Home Group Team Leader and Mortgage Loan Originator Yes, you can rent out a home…