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My mom hospitalized and I'm unable to visit her. Hoping for the best but prognosis is not good. If she passes away, how can I transfer her VA loan?

by msusa530 from Great Barrington, Massachusetts. Sep 28th 2020 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,236 contributions

First off, I am so sorry for you mom and Pray that she recovers. As to your question, and this applies to all people that inherit a residential property with a loan on it. First make sure the estate properly names who is to inherit what. What follows is made so much easier if the will/trust clearly spells out who is to receive the specific piece of property. Assuming you are the only heir, do nothing until after the death certificate is issued. Once it has been issued, reach out to the company servicing (collecting the payments) and advise them that the borrower has passed, and you are the named heir. Ask them what you need to provide to have the loan transferred into your name. Keep in mind that they may try and convince you that you can't have the loan for a number of reasons but stand your ground. Federal Estate transfer laws require the lender to transfer the loan to a rightful heir. Some lenders are great at doing their job and others will try to convince you that you need to refinance. Typically the documentation required is a copy of the Will or Trust agreement that spells out who gets the property, a certified copy of the death certificate* and your personal info, Name, Address, SS#, etc. (* In case no one else tells you, I advise obtaining 8-10 Certified copies of her death certificate. Everyone you will be dealing with will require a certified copy and they do not return them. It is easier to get them up front then to try and hunt one down later when you discover you need another) ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

Sep 29th 2020
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