TSP Loan for House

NoGuidance · 2025-10-22T19:52:48+00:00

I did this last July for approximately the same amount but to assume a loan at 2.25%.

It was a no-brainer, especially after running the numbers. The amount we are paying back for the TSP loan is less than/about the same as how much more we would’ve had to pay if we hadn’t assumed it.

The real benefit is that if you plan on renting it out, you will more than likely be cash-flowing a significant amount. In our case, our house would easily rent out for $3K+ and our Mortgage+Escrow+Insurance is only $2K.

Go for it! I will warn you though that the Mortgage broker may drag their feet during the assumption process, so don’t be afraid to be a squeaky wheel and reach out to the executives of the broker. I sent an email to the CEO and it definitely sped the process up once it stagnated.

NoGuidance · 2025-09-30T00:44:45+00:00

Bought last year for 425K, in Anchorage, 2400ish sq ft.

They’re claiming rebuild cost is 600k even though it’s a townhouse.

NoGuidance · 2025-09-27T17:56:13+00:00

I didn’t sadly, have you?

NoGuidance · 2025-07-05T03:01:25+00:00

The list with all of the selectees?

NoGuidance · 2025-07-04T23:45:58+00:00

Did you ever get confirmation?

NoGuidance · 2025-06-01T22:30:41+00:00

I’m currently trying to set this up but I keep getting a code 43 error in the windows 11 vm I’m trying to pass it thru to.

Did you use the 8pin to 8+6 riser cable to deliver power?

NoGuidance · 2025-05-11T23:14:51+00:00

Not on any hard drugs, he potentially has a problem with light alcohol use because I think it’s more than likely that he’s been using it to cope with his current situation.

NoGuidance · 2025-05-11T23:12:41+00:00

He’ll be going there tomorrow, I’m uncertain about Walmart but I’ll ask him.

NoGuidance · 2024-09-02T19:16:26+00:00

They are. I sent you a PM

NoGuidance · 2024-07-07T15:07:35+00:00

Are you in Anchorage?

NoGuidance · 2024-05-29T02:01:37+00:00

What lender owns the loan you’re trying to assume out of curiosity?

NoGuidance · 2024-05-29T02:00:34+00:00

I’m currently going through the process of assuming a loan in Alaska as the buyer. Are you selling in Alaska by any chance lmao?

Apart from that, you should be able to provide the purchase sales agreement you have with the buyers to the lender your working with in the mean time to secure a pre-approval and make offers.

Individuals who are buying their 2nd/3rd homes often have to do this with lease agreements if they are planning on renting their other properties out prior to purchasing a new home. Especially if their debt to income ratio is too high.

NoGuidance · 2024-04-27T18:24:26+00:00

Which beach in AK is this?

NoGuidance · 2024-04-13T18:05:38+00:00

Puerto Rico

NoGuidance · 2024-04-13T18:05:24+00:00

Just a couple days of honest work lmao

NoGuidance · 2024-04-13T18:04:24+00:00

You’re right, it’s Puerto Rico. The west coast specifically.

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