A seller is selling a house financed with an existing VA loan. Can the new buyer assume the loan?
A. Yes, only if the new buyer is an eligible veteran.
B. Yes, if the Va approves the buyer and loan assumption agreement.
C. No, VA approves the buyer and loan assumption agreement.
D. No, Va loans cannot be assumed.
E. No, the original borrower is always held liable for the loan.
Answer: B. Yes, if the Va approves the buyer and loan assumption agreement.
Business
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