Transferable VA Mortgage

You need to contact your mortgage company that you currently have. Most likely they will require your sister to qualify for the mortgage on her own merits. The score is good enough to qualify but again you need to go to your current mortgage company and find out their policy.Good luck!

She can assume the loan, but she/you need to contact your current lender directly.. she will need to credit qualify and have sufficient income based on underwriting standards.. Understand that the loan will tie up your VA eligibility, so depending on the current loan amount, you might not have enough eligibility left to purchase another home until your sister pay's off or pay's down the assumed loan. this is assuming your sister is not a veteran, if she is, then she can use her eligibility to release your's. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893