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The VanguardEpique Realty

Sell your home

Understand your current mortgage before marketing

Know what loan you have, who services it and what it may allow.

5 minute read

Know the loan

  • Find out whether your loan is VA-backed. VA loans may be assumable by a buyer the loan holder or VA approves.
  • Ask the company you make payments to for your current payoff and how an assumption or release of liability would be handled for your loan.

Source: VA Form 26-8978: Rights of VA Loan Borrowers

Who confirms what

  • Your agent can educate you on the options. Your servicer or lender confirms the details of your specific loan.
  • If the loan is VA-backed, consider what the sale may mean for your entitlement before choosing a strategy.

Source: VA Form 26-8978: Rights of VA Loan Borrowers; VA home loan entitlement and limits

Sources

Official material this lesson draws on. Vanguard's explanation is educational; current official requirements govern.