🏡 What Should Virginia Beach Sellers Know About VA Loan Assumptions in 2025?
Hello Hampton Roads, What Should Virginia Beach Sellers Know About VA Loan Assumptions in 2025? If you’re a homeowner in Virginia Beach with a VA-backed mortgage, you might be wondering: Can someone actually take over my low-rate loan—and is that a smart move for me as a seller? The answer is yes, under the right conditions. VA loan assumptions allow qualified buyers—veterans and non-veterans alike—to step into your existing mortgage, often at rates far below today’s market average. In a high-interest environment, this can make your listing dramatically more attractive. But before you offer assumable financing, it’s crucial to understand the rules, risks, and long-term impact on your VA entitlement. Let’s break it down.
