First learned about assumable loans on Reddit, so I want to give back a little if I can. Talked to a few realtors and they basically said it isn’t really possible. Luckily, I found a realtor who was very educated on this. We were not in a hurry and got denied offers a few times. After about 5 offers and 8 months of searching, we finally had an offer accepted. We were particular about the house we wanted which is why it took so long. After our offer was accepted we closed in about 40 days. The loan we assumed was a VA loan and we are not veterans. The owners of the house had already moved out and I guess they didn’t need their VA loan anymore.
If anyone has any questions, would be more than willing to help answer them.
submitted by /u/RogueIronDGBrian
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