Selling a home with an offering of assumable loan, would this generate interest?

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Financing

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I currently have a 2.89% interest rate and have used my VA homeloan to purchase the house. I bought at 500k and we owe about 485k on the home. The house was reviewed and appraised for 530k.

(Have to move for work)

That said, we are trying to break even and or owe as little money as possible on the home sale.

The finance agent we spoke with mentioned selling outright or offering an assumption of the loan with preference to veterans (as it will free up my benefit and they use theirs) . As this would offer more buying power to the veteran and may create a “bidding” scenario. The loan is assumable as per paperwork signed.

Thoughts?

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AdventImperium

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Posted: 9 months ago
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