Can you assume a VA loan on a property you're buying?

Yes. VA says anyone who qualifies can assume a VA loan, including someone who isn't a veteran. An assumption means taking over the seller's existing loan, usually with its original rate and terms, so check the servicer to confirm. The seller should be careful about who assumes the loan, because if the new borrower defaults, it can count against the seller's own entitlement and affect their ability to get another VA loan. Assumptions need servicer approval, and sometimes VA approval. For a seller, it rarely makes sense to let someone else use your VA eligibility, because the risk of default usually outweighs the benefit. In rare cases it can make sense, and that's part of our listing consultation.