Can you assume a VA loan?
Are you allowed to sell your home with a VA home loan to a buyer subject to the assumption of your VA home loan?
Yes. However, there are restrictions.
VA-backed loans are assumable, as long as the person assuming the loan qualifies. What this means that the assuming borrower must have: stable income, acceptable assets or reserves, sufficient residual income or DTI of better than 41%, certificate of eligibility and any other standard set forth by the underwriter.
Non-VA eligible borrowers can not assume the VA loan. Although this was true in the past.
