VA issued Circular 26-24-09 announcing the creation of Form 26-10291 (Assumption Entitlement Acknowledgement). Per the Circular, VA created Form 26-10291 to increase awareness related to assumptions and how an assumption may impact a Veteran’s home loan guaranty entitlement. Form 26-10291 must be provided to a Veteran seller immediately after an application for an assumption is received, and must be signed by the Veteran seller as soon as possible (but no later than closing). The changes announced in the Circular are effective for applications received on or after June 24, 2024.
Click to view the VA Circular 26-24-09: https://www.tenaco.com/wp-content/uploads/2024/05/VA-Circular-26-24-09-04-25-24.pdf
Click to view the VA Form 26-10291 Assumption Entitlement Acknowledgment: https://www.tenaco.com/wp-content/uploads/2024/05/VA-Form-26-10291-Assumption-Entitlement-Acknowledgment.pdf
