Assume a VA Loan With Only $25K Down

If you've been looking at assumable loans and hitting a wall because you don't have $150K or $200K cash to cover the gap, this episode is for you.

I brought in Mike Yates, Senior VP at My Home Lending, to break down a real program that solves the biggest problem buyers run into with assumable loan down payment requirements. Most people find a home with a 2.5% VA or FHA loan and then walk away when they see what they need to bring to the table. What Mike shared is a no-brainer if you're in that situation.

Here is what we cover:

✅ How a HELOC in second position can bridge the gap on a VA or FHA assumable loan so you bring in as little as $25K instead of $200K

✅ How the assumable mortgage second mortgage structure works, what the rates look like, and how the interest-only draw period gives you flexibility

✅ Why the blended rate on a combined assumable plus HELOC loan often beats a brand new 30-year mortgage at today's rates

✅ What the assumable loan qualification process actually looks like, including debt-to-income requirements and servicer approval

✅ How taking over a loan that is already years into its amortization schedule is a massive advantage most buyers completely overlook

✅ The role of assumption specialists and why having one in your corner matters now that assumable mortgage programs are coming back in a big way

This is assumable loan gap financing done right. The gap is not a dead end. There is a real program, a real lender, and real numbers that make this work.

If this helped you, hit subscribe and share it with someone who is stuck on that same gap. More episodes like this coming.