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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

Question:

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?

J. V.
Mesquite
Texas

Answer:

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.

Good luck,

John Chu,
Resource Financial Services
214-680-7282


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