VA Assumable Loan at Just 2.25% Interest!
🏠 Welcome to Your Dream Home!
🚀 Blast off into the perfect home ownership journey with our amazing new listing!
💰 Let's Talk Savings: A VA Assumable Loan at Just 2.25% Interest!
Offered at: $594,900
4 bd 4 ba
2,885 sqft
MLS#: 8593026
This home offers a VA assumable loan with a historically low 2.25% interest rate, making your dream of owning this beautiful home closer than you ever imagined.
Don't miss this incredible opportunity! With our VA assumable loan at 2.25% interest, you'll save big and secure your future in this stunning home. 🏡 Act fast and contact us now to schedule a tour before someone else seizes this stellar deal!
Picture Perfect Perks
Spacious and Serene: This elegant home offers ample space for you and your loved ones to spread out and relax, creating lasting memories.
Nature's Embrace: Step outside to your private oasis, complete with a lush green backyard perfect for outdoor fun, gardening, or simply unwinding.
Chef's Delight: The modern kitchen is a culinary masterpiece, ready to inspire your inner chef with top-notch appliances and stylish finishes.
Community Haven: Join a friendly neighborhood with great amenities, including parks, playgrounds, and community events to create lasting connections.
Top Schools: Excellent schools in the area provide an ideal learning environment for your children to thrive.
🌟 Your Time to Shine! 🌟
🎉 Your dream home is just a call away! Launch into Homeownership Now! 🚀
A VA assumable loan is a type of mortgage that can be transferred or assumed by another eligible borrower.
In the context of the U.S. Department of Veterans Affairs (VA), this loan is specific to qualified veterans, active-duty service members, and some surviving spouses. The unique feature of an assumable loan is that when the original borrower (the one who obtained the loan initially) sells the property, the buyer can take over the existing VA loan instead of getting a new one.
Key points about VA assumable loans:
Transferability: When the homeowner sells their property, the buyer has the option to "assume" or take over the existing VA loan instead of obtaining a new mortgage. This can be beneficial for the buyer if the interest rate on the original loan is lower than current market rates.
Eligibility Requirements: The new borrower must meet VA loan eligibility requirements, including being a qualifying veteran, active-duty service member, or eligible surviving spouse.
Loan Terms: The terms of the original VA loan remain the same for the new borrower, including the interest rate, loan amount, and repayment period.
Benefits: Assuming a VA loan can be advantageous for the new buyer as they may secure a lower interest rate and reduced closing costs compared to obtaining a new mortgage.
Approval Process: The new borrower must still go through a credit review and approval process by the lender to ensure they meet the necessary financial qualifications.
Assumption Fee: The VA may charge an assumption fee to process the transfer of the loan to the new borrower.
It's essential to note that not all VA loans are assumable, and some may have specific restrictions or requirements for assumption. If you're interested in assuming a VA loan or want to know if your existing VA loan is assumable, it's best to contact the loan servicer or a VA-approved lender for more information and guidance.
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