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[quote=Anonymous]DH is a veteran and we have a VA 3.3% loan with $430,000 remaining. House is worth 800K-1M.

We are considering downsizing to a $400K one level house. If we sold current house, we would probably net enough to pay cash for new house.

So yes, a buyer would need about $400,000 cash down payment to assume our 3.3% VA mortgage, but we are not about to just give it away for no benefit to us.

The amount they would save over financing $430,000 at 6.6% is huge. I haven't worked out the numbers, but I would expect at least 50K (?) over asking to make it worth losing our VA eligibility forever. Otherwise, why not sell for asking to someone getting their own financing and we keep VA eligibility in our back pocket.

Now, if values sink and we are desperate to sell at some point (and we don't think we will need VA any longer), then I guess we will use the VA assumable as a pot sweetener.

Our mountains and forests attract many cash buyers, so I suspect someone planning to pay all cash, might like to keep some of their assets invested and take on the 3.3% mortgage.

If you are looking to assume a VA mortgage, your offer needs to be higher (possibly over asking) than any other offer. And you probably need a large cash down payment.[/quote]

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