I am in the process of buying a home. We have put an offer in on a house. Come to find out the seller is also a USAA member who got his mortgage through USAA, and he mentioned we could assume his VA loan. This evening I contacted the mortgage department and was told this would not be an option, as USAA does not offer this service. Is this true?


     Does USAA allow/facilitate their VA loans to be assumed by a seller? If not, why not? It is a great benefit of the VA loan that would save us a lot on closing costs and allow us to lock in his lower rate, which is no longer available to us with the current interest rates.


PT3, thanks for posting on our Member Community site and I appreciate the opportunity to have your situation reviewed. I'm engaging my colleague in the bank to reach out to you. -Paula



Thank you for posting in the Community. An assumption might be an option. However, we would need to confirm some additional information in order to proceed. Please contact a mortgage specialist at 210-531-USAA (8722) in order to discuss your options. We look forward to the opportunity to assist you with your mortgage needs. -Gus