The most important and the best features of a VA home mortgage or FHA Mortgage Loans is not their small down payment or "zero down" with VA, or the higher debt ratios allowed than typical home loans. It is the fact that these loans are assumable. This is a extremely positive for the fact that 5 to 10 years into the future, FHA mortgage rates should be mostly higher. Some people are lucky who get in on a low mortgage rates but if you are not one of the lucky ones to get in on low mortgage rates in today's buyers market then you can potentially still get the same low rate in five to ten years from buying a home from a seller who has an FHA or VA loan.
Although the FHA loan with attractive and low FHA loan rate is assumable, the buyer will still have to get an additional loan to make up the difference.
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