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VA Loan Tip #25: ome people may assume that selling the property purchased with a VA loan releases them from obligation to the VA loan. This is not automatic.
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VA Loan Tips

Selling a VA Loan Property

Some people may assume that selling the property purchased with a VA loan releases them from obligation to the VA loan. This is not automatic! The borrower must notify either the VA or the lender and request that liability be transferred to the new owner. The borrower needs to request a 'release from liability" notice from the VA.

There is an exception to this policy for those with loans closed before March 1, 1988. In these cases no notification is required, but it is a very good idea to request a release from liability from the VA anyway.



More VA Loan Tips

  1. Entitlement to a VA Home Loan
  2. Advantages to the VA Guaranteed Loan
  3. About VA Loans with Adjustable Rates
  4. Getting Pre-approved for Your VA Loan
  5. Eligibility for a VA Home Loan Guaranty
  6. Your Discharge May Affect Your Chances
  7. I Lost My DD214
  8. For Those Who Already Have a VA Loan
  9. Renewable VA Certificate of Eligibility
  10. VA Loan Partial Eligibility
  11. VA Loans and Rental Properties
  12. VA Loans and Your Debt Ratio
  13. Uses for Your VA Loan
  14. About the VA Funding Fee
  15. Co-signers on VA Loans
  16. The Veterans Benefits Act of 2004
  17. VA Home Loans and Fair Housing Laws
  18. VA Pre-approved but Can't Find a House
  19. VA Loan Foreclosures
  20. Improving Credit to Enhance VA Loan Eligibility
  21. Help for VA Homebuyers
  22. VA Loans to Purchase Farms
  23. VA Loans for Properties Outside of the US
  24. VA Home Loans After a Borrower's Death
  25. Selling a VA Loan Property
  26. VA Mortgage Payments

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VA LOAN RATES
New Home Loan
National Averages
for 9/05/2010

30 Year Fixed
0.000 points
4.250%
4.365% APR

15 Year Fixed
0.000 points
4.000%
4.201% APR

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