I see that VA Loans are assumable, what does that mean?

Video Transcript

I see that VA Loans are assumable, what does that mean?

For the vast majority of veterans, active duty service members, and military families the VA Loan represents the most flexible and powerful VA loan program on the market. Qualified borrowers can purchase home worth up to $417,000 and more without a down payment or out-of-pocket spending, but here are some cases where the VA Loan may not represent the best fit.

Veterans with significant cash reserves who can cover a 20% cash payment may want to consider conventional financing, but that isn’t the typical situation for most military borrowers. For everyone else, the VA Loans often make the most financial sense and allow veterans to get the biggest bang for their buck.

For more information, please call Veterans United Home Loans to speak with a VA Loan Specialist.