FAQs

What is required for a VA Exempt Transfer to a Non-Borrower (Spouse, Child, or Parent)?

  • If the assuming party is not on the loan, the following documents are required:
    • Driver's License
    • Document Showing Full Social Security Number – tax documents (W-2, 1099, 1040), payroll statements
  • Recorded Quitclaim Deed
  • Homeowners insurance policy that lists only the assuming party as the insured.
  • Letter signed and dated by both parties stating they are giving permission to be added to the loan as a financially responsible party.

Download Assumption Scenario for a VA Exempt Transfer for a Non-Borrower (PDF)