Work through the servicer
An assumption requires the applicable approval process. Confirm buyer qualification, processing requirements and timing directly with the current servicer.
Buyer: plan for the equity difference
The existing balance may be much lower than the purchase price. Determine how the equity gap will be paid and whether any additional financing is permitted.
Seller: liability and entitlement are separate
A release of liability and substitution of entitlement address different risks. Your entitlement may remain tied to the mortgage unless an eligible veteran substitutes sufficient entitlement or another restoration condition applies.
Before signing
Get written confirmation of the approval, release of liability, entitlement treatment and all costs. Do not treat a private agreement to make payments as a completed approved assumption.
Read the official guidance
VA • Assumption guidance ↗Sources reviewed October 25, 2026. Requirements can change. Ask Sasha to help apply the information to your situation.