I’m a buyer. Any tips on how to write an offer that’s contingent on VA assumption? Any language you guys have used?

    How to write an offer for VA assumption
    byu/Squidwards4Legs inMilitaryFinance



    Posted by Squidwards4Legs

    2 Comments

    1. greencurrycamo on

      If you have a settlement attorney in mind you should ask them. But the words you used in that sentence to describe what you want seem pretty effective. I know exactly what you mean, so no problem there.

    2. Add a contingency clause to the offer

      “This offer is contingent upon Buyer’s successful assumption of Seller’s existing VA loan within [X] days of offer acceptance. Seller agrees to cooperate fully with the assumption process and provide all necessary documentation. If the VA does not approve the loan assumption within the specified timeframe, Buyer may terminate this agreement and receive a full refund of earnest money.”

      I’m not a lawyer but that sounds reasonable. Are you working with an agent? What do they say to add?

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