Posted by TomC (Md) on April 17, 2002 at 13:45:27:
I’m in the process of assuming a VA loan right now.
Countrywide has the loan, and they are charging a $300 assumption fee, $350 doc prep fee, plus one-half of a point. Tack your normal closing paperwork costs onto that.
It’s a full-blown loan application to assume, and I have specified that I do not intend to occupy.