Take over payments
Can a loan be transferred to my son? It is a VA loan and the rate is 3.15%. I am not well and would like to know my options so I do not lose my house. He is 38 years, FICO is over 680 and he is gainfully employed making $150/hour as a physical therapist. He is not a veteran but I Am. I can use some help with my options. by phillmagiain445 from Tyler, Texas. Sep 6th 2018
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Yes, a VA loan can potentially be assumed by your son, even if he is not a Veteran. He will need to qualify, but it sounds like he should. Call your current lender, and they will instruct you on how to proceed. For VA loans in MN, WI, and SD, visit me at www.VAMortgageMN.com
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