or transferrable...not sure of the difference to be quite honest. thanks
Generally speaking, conventional loans like standard Fannie Mae / Freddie Mac based loans are NOT assumable. Generally speaking, most government backed loans, like FHA Loans, and VA loans ARE assumable. But, those assumable loans are not like the old days. The assumable loans of today require the person assuming the loan to actually qualify for the loan too. www.Minneapolis-Mortgage.net
No, Fannie loans are not assumable. However certain portfolio lenders still offer assumable loans. What were you trying to accomplish?
Neither Fannie or Freddie loans are assumable or transferable (pretty much the same thing).
No
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