Which type of mortgage loan is it?
Congratulations FHA properties are Assumable!
Are you a real estate agent or home owner?
FHA Assumable Mortgages – All FHA mortgages made after December 14, 1989, can be assumed. All FHA mortgages made before December 1, 1986 are assumable. This means there was only 3 years where FHA mortgages were not assumable. These FHA Mortgages can be assumed with a buyer credit approval.
Want more proof? Confirm the address with Fannie Mae or Freddie Mac.
Congratulations VA properties are Assumable!
Are you a real estate agent or home owner?
VA Assumable Mortgages – Any VA mortgages made before March 1, 1988, is assumable. The buyer must be credit qualified. If the seller is a veteran, they should confirm how this will affect their VA eligibility.
Congratulations Some conventional Mortgages are Assumable!
Are you a real estate agent or home owner?
Please dial your lender to be sure its assumable.
Congratulations Some Adjustable Rate Mortgages are Assumable!
Are you a real estate agent or home owner?
Please dial your lender to be sure its assumable.
