2232 Sanibel Ln, Chesapeake, VA 23321

VA LOAN ASSUMPTION — CHESAPEAKE, VA 2232 Sanibel Lane, Chesapeake, VA 23321 5.75% VA LOAN — APPROX. $534,000 REMAINING This is a **STRAIGHT ASSUMPTION OF DEBT — NO CASH OR EQUITY GAP!** 5.75% fixed interest rate. Straight assumption of existing debt, NO CASH/EQUITY GAP. Full substitution of VA entitlement for qualified VA buyer. Buyer must qualify for the assumption through the current loan servicer/VA requirements WHY THE 5.75% RATE MATTERS Current 30-year fixed VA mortgage rates are approximately **6.5%–6.8% nationally**, depending on lender, borrower qualifications, points and market conditions. VA ENTITLEMENT SUBSTITUTION The assumption is being offered with **full substitution of VA entitlement**, allowing a qualified VA purchaser to assume the existing VA loan while seeking restoration of the seller's VA entitlement, subject to VA and servicer approval. SERIOUS VA BUYERS If you've been waiting for an opportunity to take over an existing VA mortgage at **5.75%**, this could be worth a conversation. **Message me for additional property details**