I'm really interested in VA loan assumptions, but can't find anyone who has done one. I'm looking to sell and have a 3% loan. The guy looking to buy from me is also a veteran.

Has anyone on here done a loan assumption and can share cost/process details?

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I haven’t done any assumptions with the VA but I was under the impression that if you sold your home to another veteran you could then reuse your eligibility for another home.

You're correct. I know if they buy it with a new loan you get your eligibility back when you pay yours off.

If they assume your loan, then they have to sign a paper stating their eligibility can be used. Then you file for release from the loan and get your eligibility back.

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