Bankers, Lenders, and Mortgage Brokers

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Any assumable Chase Mortgages?

Posted Aug 30 2019, 20:09

Greetings, BP community.  We have a potential seller that has an existing Chase Mortgage that wants to sell her "extra house."   I saw "assume" show up somewhere on the Chase Mortgage website, and got the idea stuck in my head that maybe we could do this.  I am just curious if anyone else has assumed one in the recent past.  Thanks for any information.  Tom

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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
Replied Aug 30 2019, 20:16

Call the mortgage dept. It is unheard of. 

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Wayne Brooks#3 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#3 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied Aug 31 2019, 08:07

No conventional (Fannie/Freddie) loans are assumable....all fha loans are assumable (assuming you qualify and will owner occupy).

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Replied Aug 31 2019, 08:31

Thanks, Wayne!