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Selling Our Home With FHA Assumable Loan
Mortgage Library: Ask a Mortgage Related Question: Answers: Selling Our Home With FHA Assumable Loan
What do we have to do to sell our home to someone who wants to assume our FHA loan? Could you please describe the process?
You have to get an Assumable kit. Most title company will have it. Total fees for an Assumption mortgage is $575.00 including $300.00 title fee. The kit should give you how to go and get the assumable mortgage.
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