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Jimmy Vercellino

what is a va assumable loan

VA Assumable Loans: What They Are, How They Work, and Why They Matter

Yes, VA loans are assumable — and in today’s rate environment, that’s one of the most valuable features of your VA loan benefit. Assumable means a qualified buyer can take over your existing VA mortgage, inheriting your interest rate, remaining balance, and loan terms. If you locked in a 3% rate a few years ago

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va appraisal requirements

VA Appraisal Requirements: The Complete Guide for Veterans

A VA appraisal is required on every VA loan purchase — no exceptions. It serves two purposes: establishing the home’s fair market value and confirming the property meets VA Minimum Property Requirements (MPRs) for safety and livability. The appraisal typically costs $500-$800, takes about 10 business days, and is performed by an independent appraiser assigned

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