A surprisingly well kept 1960's era home with many well done improvements and updates. Just one short year ago this home was purchased with a VA loan, and the present owners over that year made many improvements, including new flooring, Washer and Dryer, Instantaneous Hot Water Heater, had the little shop wired, installed a 2 Car covered Carport, window treatments, paint and that list goes on. We also have Central AC/Heat and a Air Tight Wood Stove as Back Up, a spacious kitchen with a nice Farm Sink and Natural Gas Range. The Mature Trees are what really sets this area apart and the views associated with sitting on the edge of town, literally!
Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.
You need to cover the seller's equity of $31,818. If you don't have that in cash, we can help structure secondary financing to cover the gap.
Yes — VA assumptions can be used for investment properties. You can rent this home out.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.