| May 23, 2012 |
|
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.
|