VA Form 26-6381: Application for Assumption Approval and/or Release from Personal Liability to the Government on a Home Loan

Enter the name of seller (First - Middle - Last) (Type or Print) in 2A and the Social Security number in 2B.

Enter the telephone number (include area code) in 3A and the email address in 3B.

In 4A, enter the mailing address of seller (number and street or rural route, city or P.O. Box, State and ZIP Code).

In 4B, enter the address of property which is security for the loan on which you wish to be released from liability. If rural property, give directions to locate it.

In 5, enter the name of assumer of loan (First - Middle - Last) (Type or Print) in A and the mailing address of assumer of loan (number and street or rural route, city or P.O. Box, State and ZIP Code) in B.

In 6A, check one status of sale transaction.

If Have agreed on purchase price but no sale has been completed and no contract or deed signed, or No sale has been completed but contract for sale has been signed and copy is attached, is checked, complete Item 6B, the agreed purchase price.

If Sale has been completed and deed executed and delivered to purchaser is checked, complete Item 6C, the sale price.

In 7A, check one if applicable: payment enclosed for credit report and/or processing charge, Money Order or Other (Specify). Enter the amount in 7B.

In 8A, enter the name of servicer you make your payments to.

In 8B, enter the address of lender, and in 8C the lender's loan no. (if known).

In 9A, enter the amount of monthly loan payment, and in 9B the approximate loan balance (may be obtained from year-end statement).

Lien is a legal claim against a property that must be paid off when the property is sold. Assessment is a tax or levy imposed against specific parcels of real estate that can benefit from improvements such as a street or sewer.

In 10, enter A. amount, B. purpose (streets, sidewalks, sewers, etc) and C. how payable.

In 11, YES NO: have VA Forms 26-6382 and 26-6807 been provided to your purchaser for completion?

In order for VA to release you from liability, it will be necessary that your purchaser assume all of your liability to the Government, as well as to the loan holder, if this is other than VA.

The instruction letter you received with this form indicates whether this liability may be assumed through a clause in the deed transferring the property to the purchaser.

If not, or if you have already completed the sale of the property without a proper clause included in the deed, then it will be necessary that a separate "Agreement Creating Liability to Holder and to U.S." be executed by your purchaser.

If you already completed the sale of your home and included a VA approved clause in the deed, attach to this form a copy of the deed showing the date and place it was recorded.

A copy of the agreement should be submitted if this has already been executed at the time of sale.

Sign in 12A, signature of seller, and enter the date (MM/DD/YYYY) in 12B.

Complete the form fully and accurately and return it to the office of the Department of Veterans Affairs (VA) shown on the form.

Enclose remittance (certified check or money order) payable to VA in the amount shown on the instruction letter which accompanied this form.

Use of this form does not affect the seller's liability on a VA-guaranteed loan from a private lender.