Updated almost 2 years ago on . Most recent reply
Finding assumable loans
I was wondering if anyone has had any success or can share insight about the process of assuming a loan from a seller when acquiring a property. The idea makes a ton of sense for both buyer and seller; but I was wondering if this is actually happening often from anyone who would like to contribute. As a real estate agent I'm able to look through the closing disclosures of my sales and I have not yet found one loan to be assumable. Is it less common locally to North Jersey, or less commonly available all together?
Most Popular Reply
The only loans available that are assumable I believe are VA loans. All lenders now do not have loans which are assumable.
This of course does not include Sub2 which you are not technically assuming the loan.
This of course does not include Sub2 which you are not technically assuming the loan.
- Chris Seveney
7e investments
2 Reviews
5.0 stars



