I have sold the property obtained from my first AB home loan to an assumer. Why is it that I can’t get a AB Certificate of eligibility for purchasing a new home?
You can get your eligibility restored provided that the assumer too is an eligible veteran who could offer his or her entitlement as a substitute for your initial entitlement. Otherwise, you will not be able to get your eligibility restored until the earlier AB loan is completely paid off by the assumer.
Related Questions
- I sold the property that I attained with my prior VA home loan on assumption. What is keeping my entitlement from being restored to purchase a new home?
- I sold the property I obtained using my prior VA refinance loan on an assumption. Can I get my eligibility restored to use for a new loan?
- Is it mandatory to go have Katha certificate issued by BMP / BBMP for buying a property in Bangalore?
