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FinancingVa_fha_texas_rulesMEDIUM

A Texas assumption of a VA loan:

Correct Answer

C) Requires VA approval and creditworthiness check

VA loan assumptions require VA approval and a creditworthiness review of the new borrower.

Answer Options
A
Is not allowed
B
Automatically releases the original borrower
C
Requires VA approval and creditworthiness check
D
Can only be done by another veteran
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Related Topics & Key Terms

Related Topics:

va-loan-requirementsloan-assumption-processmortgage-guaranteesseller-financing-optionsdue-on-sale-clauses

Key Terms:

VA loan assumptioncreditworthiness reviewrelease of liabilityVA entitlement38 U.S.C. § 3714
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