Business ProfileforLand Home Financial Services, Inc.

I am active duty military and we are currently under contract to sell our home utilizing the VA Loan Assumptions process to another veteran and his family as outlined in ** Circular 26-23-10. However, we are now passing the 31-day **** and despite the seller and I both engaging with the lender we have found a complete lack of transparency as well as non adherence to the guidelines laid out by the VA in its circular. At this time my buyer is being told by my lender they wont qualify for the assumption because they wont meet the VA occupancy requirements - currently, the VA-eligible husband (retired - disabled veteran not on active duty) has to remain behind for 10 months to finish his current contract with his company - however, every person the buyer has spoken with at the VA states they absolutely will meet the VA requirements for this VA assumption loan, including the occupancy requirements. Particularly the excerpt from the VA Lenders Handbook, Page 3-11, Topic 5, Paragraph b in which the spouse can take up primary occupancy if the primary beneficiary is staying to complete a work requirement- when this fact was pointed out to the bank it was then found out they hadnt even submitted the buyers application to be reviewed by the VA.It is my understanding that even if the lender intends to disapprove a VA assumption loan, the packet must still be sent to the VA. I confirmed with the VA that nothing has been submitted to them referencing this VA assumption loan and this makes it impossible to take advantage of the fact that they can appeal a disapproval decision by the lender - if that is the decision - As a seller, I am losing valuable time on the ****et before my wife and I PCS to another duty status due to a lack of communication from the lender. As the seller with the VA-backed loan looking to support another qualified VA buyer using the entitlement that we have both earned in support of our families.