Can I transfer a VA mortgage to a non-military family member?

VA is always assumable to your relatives. Was she your beneficiary when you signed up for the loan to begin with? If not, you will need to contact your lender so she can be made your beneficiary. Call me if you have any questions. Thanks!

Yes, VA loans are assumable.

She would have to qualify, but yes she can asume your loan.

Yes, you "use" all or part of your VA eligibility when you purchase a home to guarantee the mortgage until it is paid off. If you allow someone who does not have VA benefits to assume that mortgage your VA entitlement/eligibility is still tied up until they pay off or refinance that mortgage so you may have difficulty purchasing another home. That is why I suggested the other option, let her purchase the home but "give" her any equity you have in the property. As long as you have at least 3.5-5% equity (or more) it should be possible to structure her loan so she does not need a downpayment and YOUR VA entitlement will be released when she buys the home from you allowing you to pay off the mortgage. - That option does not work if what you owe on the mortgage is the same or more than what the home will appraise for today. I can help: pdumouchel@primelending.com or 843-619-6025 http://pdumouchel.primelending.com **PrimeLending was #4 purchase mortgage lender in the US in 2012 and 2013 as determined by MarketTrac(c) for Jan-Dec 2012 & 2013

Yes, VA loans are assumable but only with permission of your mortgage servicer (where you make your payments) which will be based on her qualifications. Remember to get a "release of personal liability" and understand that at least part of your VA eligibility will be tied up as long as that mortgage is open. Another suggestion might be for you to sell her the house and give her a "gift of equity" - assuming you have some equity in the home. That would release the VA entitlement and your sister would not need a downpayment. Former Hoosier here (Elkhart for 7 years...) and I can help: pdumouchel@primelending.com or 843-619-6025 http://pdumouchel.primelending.com **PrimeLending was #4 purchase mortgage lender in the US in 2012 and 2013 as determined by MarketTrac(c) for Jan-Dec 2012 & 2013

YES you can...Not a problem. The only issue is that if you let a non-vet assume the loan, this will tie up your VA loan benefits if you want to buy another house with a VA loan.

PS on your VA entitlement. In some situations a veteran can have two open VA mortgages at the same time, usually it means the next home you buy must cost MORE than $144,000 - but it depends how much of your entitlement was used for your current mortgage. Call me and we can look at your options.