steps needed for transferring a VA mortgage - please help

You have to talk to your current loan servicer, where you make your mortgage payments and they will tell you their procedures. FYI, that MAY result in your VA eligibility continuing to be tied up. If he purchases the home from you there would be more expense involved but it would release your VA entitlement. I can help if it is a purchase: 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

I would personally suggest allowing you son to simply purchase your home. Gift him 20% equity and he can use his VA eligibility. It would not tie up your VA eligibility. Call me to discuss if you'd like 208-818-3768 abyrd@goldwaterbank.comNMLS 1117336

Have him purchase the property at the amount you currently owe, using his VA entitlement.

You should contact a local mortgage broker and let them explain all your options.. Although your son can assume your existing VA loan (assuming he is eligible for VA benefits), it's usually best that he purchase the home from you and obtain his own loan.. this will do 2 things.. it relieves you of the responsibility of the loan and it restores your full VA benefits availability. Additionally, it's a benefit to your son, since the loan will be on his credit helping improve his credit scores.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hi, I have a creative method that you could use to avoid him purchasing and needing to get in to any sort of gifting. We are a mortgage broker who service your territory. We have a rep in the Daytona Beach area so, relatively close to you. Feel free to shoot me an email or give me a call and we can discuss further. David Ortega - Satori Mortgage - dortega@satorimortgage.com - 954-900-9788 - www.SatoriMortgage.com - NMLS 4190