Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

45
Posts
3
Votes
Jodi Kaili
  • Sandy, UT
3
Votes |
45
Posts

Purchasing a property "Subject to"

Jodi Kaili
  • Sandy, UT
Posted

Hi everyone! Wanted to get some clarity on whether obtaining a property "subject to" requires qualification of that loan. Thank you in advance! A very Happy and prosperous New Year to all!

Most Popular Reply

User Stats

493
Posts
427
Votes
James C.
  • Rockledge, FL
427
Votes |
493
Posts
James C.
  • Rockledge, FL
Replied

JodI, 

Depends on the loan and docs. 

FHA assumptions require qualification. Secondary market loans aren't usually assumable. Private mortgages - Ya gotta read the docs. Same for commercial mortgages, but those tend to be assumable without qualification.

With any assumption,  read the docs, and then read them again. 

Good luck, 

Jim 

Loading replies...