what kind of mortgages are assumable?
with these low rates, i figure that assumable loans secured now will be a hot commodity when rates go back up by LArmst_977_489 from Ormond Beach, Florida. Sep 14th 2012
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Both FHA and VA loans are fully assumable, with fully qualifying!! and VA can only go to a VA eligible borrower. You would have to have good credit, provide tax returns, pay stubs, bank statements etc.. If you asking for the No qualifying assumable loans, those are a thing of the past.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Stephen McWilliam (StephenMcWilliam)
#136 ranked lender in Florida - 48 contributions
Most mortgages today are not assumable. Private mortgages may allow assumption. VA may also be assumable.
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