Are you looking for a VA Assumable Loan in Colorado? We have you covered!
Many sellers purchased their homes when interest rates were below 4%, making their homes ideal "assumption" opportunities. Work with your Realtor to find a home that is offering a VA assumption. If you have your own VA entitlement, you would use it on your assumption purchase, and agree to release the sellers' VA entitlement so they could use their entitlement on a future home purchase. If you don't have your own VA entitlement, you will have to ask the seller if they are willing to part with theirs in order to have you assume their loan when you purchase the home. Of note: on an assumption purchase, you are only able to assume the existing loan amount at the existing rate.