which company/government agency handles assumable mortgages?

FHA and VA loans are assumable with qualifying.. you need to contact the company who is servicing the loan now and ask for an assumption package.. 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

There isn't any agency. Loan assumptions are done by the lien holders. If you are trying to assume someone's loan then you need to contact the bank they are making their payments to. At that point, more than likely, you will have to credit qualify through them to assume the loan. Assumptions are rare, and right now you can probably get a better rate then what they currently have. The only advantage would be the equity position, if any.Best of luck.

The loan itself is what is assumable but it is the same as doing a regular loan and you must qualify. Contact a Lender411 loan officer in your state to help you get qualified.

Loan assumptions, when approved, are done by the lender or service company where the payments are currently made. If you are unable to qualify to assume the loan, contact the present owner, and discuss the possible option of taking the loan subject-to. This is a serious risk for the present owner, if you do not make the payments on time. But, if they are going to walk away, it may be the best option.

FHA/usda loans are assumable, but when trying to assume those loans you go threw the same process as starting new. You also dont have the ability to choose the lender as you have to go with the one that is in place.