Selling a home that’s financed with a VA loan comes with unique considerations. Whether you’re a veteran, active-duty service member, or family member using VA loan benefits, the process is straightforward—especially with the guidance of a trusted real estate expert like Team Kelli Lang. If you’re thinking about selling a home with a VA loan in Anacortes, here’s everything you need to know.

What Is a VA Loan?

A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, designed to help veterans, active-duty service members, and eligible spouses purchase homes with benefits like no down payment, competitive interest rates, and no private mortgage insurance (PMI).

If you used a VA loan to purchase your Anacortes home, you’re likely wondering how this affects your ability to sell. The good news is that selling a VA-financed home is not much different from selling any other property, but there are a few key points to consider.

1. VA Loans Are Assumable

One unique aspect of VA loans is that they are assumable. This means a qualified buyer can take over your loan, including your interest rate and terms. This can be a significant selling point in today’s market, especially if your loan has a lower interest rate than what’s currently available.

At Team Kelli Lang, we know how to market this advantage to potential buyers in the Anacortes area, making your property more appealing and potentially speeding up the sale.

2. Your Entitlement and Selling Your Home

When you sell a home with a VA loan, your loan entitlement (the amount the VA guarantees) can be restored if the loan is fully paid off. This is essential if you plan to purchase another home with a VA loan in the future.

However, if the buyer assumes your VA loan, their ability to meet VA qualifications affects whether your entitlement is restored. Team Kelli Lang can help you navigate this process and ensure your financial goals align with your sale.

3. Preparing for the VA Appraisal

If the buyer plans to use a VA loan to purchase your home, their lender will require a VA appraisal. The VA has specific minimum property requirements (MPRs) that your home must meet. These requirements ensure the property is safe, sound, and sanitary.

Common issues that may arise during the VA appraisal include:

• Roofing or structural problems

• Defective electrical systems

• Missing handrails or broken stairs

• Peeling lead-based paint

Team Kelli Lang works with sellers in Anacortes to identify and address potential red flags before listing, ensuring your home meets VA standards and avoids delays.

4. Selling Costs with a VA Loan

When selling a home with a VA loan, there are specific rules about closing costs. VA buyers are limited in what fees they can pay, meaning sellers may need to cover certain expenses. These could include:

• Pest inspection fees (if required in Washington State)

• VA non-allowable fees, such as attorney or underwriting fees

At Team Kelli Lang, we’ll help you understand these costs and negotiate terms that work in your favor.

5. VA Loan Payoff Process

If you’re not transferring your VA loan to the buyer, your mortgage will need to be paid off in full at closing. Contact your lender for a payoff statement that details the remaining balance, including any accrued interest.

Team Kelli Lang ensures all financial details are carefully managed so you can focus on your next steps.

Why Sell Your Anacortes Home with Team Kelli Lang?

Selling a home in Anacortes that’s financed with a VA loan doesn’t have to be complicated. Team Kelli Lang specializes in guiding homeowners through every step of the process, ensuring a smooth, successful sale. Our local expertise, personalized service, and commitment to helping military families make us the go-to team for sellers in the area.