Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Loan Assumption in Puerto Rico
I am negotiating an offer in Puerto Rico, for a house that would not apply for fha/conv lending. I suggested a creative approach, assuming the current loan + the seller taking a note for the remaining amt.
The agent claims that lenders are no longer allowing loan assumptions. Does anyone know if this is true? Has this change across all states, or is this only the case in PR?
Appreciate any input. Thanks!