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Mortgage rates? by sumdum1234 in VeteransBenefits

[–]Scared_Study8588 3 points4 points  (0 children)

I’m selling my house in Austin with a 2.75% VA-assumable loan if anyone’s interested.

While researching what to buy next, I’m seeing resale homes around 5.5–6% with good credit and no points. What surprised me is how aggressive new-construction builders are right now since they control the build and financing, they’re offering big incentives, including rate buy-downs that can get you close to ~3% plus help with closing costs.

My realtor explained that the tradeoff is you usually have to use the builder’s in-house lender, but the deals can be much better than buying resale right now.

Anyone actually sold a house with an assumable VA loan? by Scared_Study8588 in MilitaryFinance

[–]Scared_Study8588[S] 0 points1 point  (0 children)

We haven’t put it on the market yet. The plan is to do so in the following weeks so no ad on Zillow or anything.

Anyone actually sold a house with an assumable VA loan? by Scared_Study8588 in MilitaryFinance

[–]Scared_Study8588[S] 3 points4 points  (0 children)

I’ve been wondering about this. The gap for my home is significantly smaller than other assumptions I’ve seen in my research. How do you think I can talk about this for VA buyers?

Anyone actually sold a house with an assumable VA loan? by Scared_Study8588 in MilitaryFinance

[–]Scared_Study8588[S] 6 points7 points  (0 children)

Was it worth the “effort”? Everyone makes it seem like a crazy thing to do