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Updated about 1 year ago,

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6
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3
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Fernanda Duran
3
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6
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Any way to 1031 into an assumable mortgage (FHA, VA, or anything else?)

Fernanda Duran
Posted

With interest rates as they are, I'm wondering if the above is possible. I've seen SOME assumable mortgages that are for investors, but those are balloons. The only fixed assumable mortgages are either FHA, or VA. Is there any creative way I can use 1031 funds to get into an assumable mortgage? I know directly, you need to be owner occupied, or is there any workaround, leeway, or creative interpretation (for example, 1031 into an FHA with my mom, and my mom been owner occupied.)

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