Virginia Housing reviews assumption applications and approves the assumption if the applicant meets the investor requirements. A Virginia deed form is used to convey property after an agreement and payment terms have been established." Access the Loan Assumption Request Form. INSTRUCTIONS: Please complete this form fully and accurately and return it to the office of the Department of Veterans Affairs (VA) shown below. Enclose. A loan assumption agreement allows them to understand what is expected from them and ensures that they are aware of their rights and legal responsibilities.