Assuming an FHA mortgage on a duplex

[Preston Donahue]

Hello everyone,

I have the opportunity to assume a current loan on a duplex at a cheaper rate than current rates.

Some details: It's a duplex with an FHA loan. The owner has already lived in the property for over a year. So I assume that should satisfy the owner occupancy that FHA requires.

My question is, what should I know before getting into this deal? Do you think they would require me to be an owner occupant?

Any advice would be appreciated!