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Real Examples of Assumable VA Loan Deals That Saved Buyers Thousands

How Assumable Loans Work in the Real World

📍 Introduction

When interest rates rise, assumable loans become one of the best-kept secrets in real estate — especially for VA buyers. These loans let qualified buyers take over a seller’s existing mortgage — including their low interest rate.

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In this post, we share real-life examples of Southern California homebuyers who saved big using assumable VA loans — and how you can do the same.

🧾 Case Study 1: Murrieta Family Assumes 2.625% VA Loan

Before:

  • Buyer was pre-approved for a 6.5% VA loan

  • $700,000 home = ~$4,800/month

Assumed:

  • Seller’s existing VA loan at 2.625%

  • Loan balance: $520,000

  • Buyer paid ~$180,000 difference with down payment and gift funds

  • New payment: ~$3,000/month

✅ Saved over $1,800/month✅ No appraisal needed✅ No new funding fee

🏡 Case Study 2: Temecula Veteran Assumes Loan and Saves $215,000 Over Time

  • Home Price: $670,000

  • Original Loan Rate: 3.0%

  • Compared to a 7% rate, buyer saved:

    • ~$1,300/month

    • Over $15,000/year

    • $215,000+ over the life of the loan

“We didn’t even realize this was possible. The seller was thrilled we could assume their loan — and we got a much better deal than going with a new mortgage.”

💰 Case Study 3: Oceanside Buyer Assumes VA Loan with $0 Down

  • Found a seller with a $610,000 VA loan at 3.25%

  • Buyer assumed the loan and only paid closing costs (~$6,500)

  • Seller had limited equity

  • No down payment, no PMI, low rate

✅ Buyer moved in with less out-of-pocket than a rental deposit ✅ Monthly payment: ~$3,200/month (vs ~$4,600 new mortgage)

🧠 Why These Deals Work

  • Interest rates in 2021–2022 were historically low

  • Sellers are often happy to work with VA buyers to get their home sold faster

  • Assumption fees are small (~0.5%)

  • You save on closing costs and avoid new loan setup charges

VA loans are assumable by both veterans and non-veterans (with approval)


💬 Final Thought

These real-life buyers didn’t just save money — they made homeownership possible when it otherwise might have been out of reach. If you’re searching in Oceanside, Murrieta, Temecula, or Vista, assumable VA loans could be your advantage.

📞 Want a list of homes with assumable VA loans? We track them weekly — and can match you to sellers open to assumption. 👉 Request assumable listings now Or send us a quick message — we’ll send you today’s options.

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