May 23, 2012

Where Can I Find Freely-Assumable Loans?

Question: Where can I find freely-assumable loans?

Answer: There are a number of older loan programs which feature freely assumable mortgages -- loans for which financial qualifications are not required.

Look for FHA loans originated prior to December 1, 1986 for any buyer, and before December 15, 1989 for owner-occupant purchasers. With VA, search for loans made before March 1, 1988.


Written by Peter G. Miller.

© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.


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