does anyone know how to take over a VA loan or is there a home list?

Answer 1

to be able to take over, or assume, a VA mortgage you must be a Veteran with VA entitlement as well. you will need to contact the current lender that holds the mortgage of the home that you are interested in and apply with them. if you are a Veteran, first off, thank you for serving our country. also, if you do not have your Certificate of Eligibility, go to www.va.gov for the application. if you are not a Veteran, you will be able to buy a VA foreclosure (as long as you qualify). off hand, i can't remember where you might find a list of VA foreclosed homes.

Answer 2

Here are the links that you need to be able to accomplish acquiring an existing VA loan
Acquiring a VA guaranteed home foreclosed by states: http://www.ocwen.com/reo/residential/res_reofindbystate.cfm?proptype=VA
VA Loan closing costs explained
http://www.sunnations.com/mortgagelibrary/va_home_loans/va_closing_costs.asp
Department of Veteran Affairs – Home buying programs for Veterans:
http://www.homeloans.va.gov/veteran.htm
Department of Veteran Affairs – Forms: http://www.va.gov/vaforms/
I hope the information helps, Good luck

Answer 3

Correct... you must be a VA to get a VA loan.

How to "assume" the loan is this"

If you not a VA, you will need to have "vested interest" meaning you have to show that you have been making payments to the lender yourself. By proof of canceled checks, money order, cashiers check etc..

Usually a lender requires 6 months. They need to know you can handle the payments. You also need to be put on title for the 6 months.

Depending on who it is, they can do a gift of equity. Or you can get a refinance with the lower LTV.

There are many different ways to do. Just need to know exactly who your our to the owner and if you would qualify for VA.

Regardless, you will still need to qualify. Credit, income, employment, etc

Hope that helps!
http://www.myfinancialcorner.com

Answer 4

You can only 'take over' a VA loan if it has been originally contracted as an assumable loan. You will be required to undergo credit checks, etc. in order to assume any such loan.

For houses being sold as foreclosures under the VA program, follow the supplied link.