Is there a how too for locating properties for sale with assumable loans on them? Thank you
Originally posted by @Courtney Jones :
Is the a how too for locating properties for sale with assumable loans on them? Thank you
All VA and FHA loans are assumable. That's pretty much it.
You can identify them both by looking for wonky loan amounts. $405,750 is going to be a conventional loan, but $408,237 is going to be FHA/VA.
Both statements will hold true about 99 times out of 100.
I haven't read/heard of a lot of people being successful with this strategy (or completing an assumption at all, really), so if you are successful please post back with your experiences!
Thank you Chris. I will report back.
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