Reply to VA Assumable Loan as a Civilian

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The veteran seller would be a fool to agree to it.

We are in the process of buying a home where we are assuming a VA loan (2.75%) but my spouse has VA eligibility, so the seller will not lose theirs.

There were three offers on the house:
Offer 1 was doing a conventional loan but offered less than asking

Offer 2 offered asking, but was a civilian wanting to assume their VA loan

Offer 3 (us) offered asking, wanted to assume their VA loan, but would use our own eligibility.  
Obviously ours was the strongest offer.

Unless you are buying in a strong buyers market and the seller is desparate, I think you will have a difficult time getting the seller to agree to it.[/quote]

We both have VA eligibility.  Only using mine on our current house, so I would have no issue having a civilian assume the loan.  I think there are quite a few dual veteran households.  [/quote]

I think there are more households where only one member is a veteran.

[/quote]

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