How Can You Assume a Mortgage for Conventional Loan?

Question

Is there a way to assume a mortgage with an interest of less than 4% from a seller with a conventional loan?

Anyone able to have success with this?

The issues with assumable mortgages is that they are for FHA, VA, and USDA. You also need to live there, so it cannot be an investment.

Is this possible for conventional loans, and if so, how?

Elias Halvorson · Answer

Bob, I answered this in a previous post. Do you think the answer will change? You CANNOT assume a conventional loan. Period. Maybe you could get seller financing at less than 4%? But that isnt assuming a loan.

How Can You Assume a Mortgage for Conventional Loan?

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