The simple answer is "yes," VA loans are assumable. Loans made prior to March 1, 1988, were unconditionally assumable--with or without lender qualifying of the buyer. After that date, assumptions were only allowed with buyer qualification by the servicing lender. If the assumptor has their own VA eligibility, it can be substituted for that of the current owner too. A little known fact is that an investor can assume a VA loan. It might not take much equity to do so, and that makes it attractive to the savy investor. The qualifying release of liability takes the risk away from the veteran-seller.
Contact your current servicer for their qualification package.
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