Subject-To Financing with a FHA Loan

[Perridia Dozier]

I was doing some research and found this question from a poster from 8 years ago; that was never addressed. I too have this same question and I am eager to learn about this scenario. 

Quote from @Cameron Tope:

I have a property that I can sub2 but it's PMI is $500/mo! My plan is to owner finance (wrap) this deal to a buyer, but who pays the PMI? Me? The buyer?

[Perridia Dozier]

Quote from @Preston Dean:

Quote from @Perridia Dozier:

I was doing some research and found this question from a poster from 8 years ago; that was never addressed. I too have this same question and I am eager to learn about this scenario. 

Quote from @Cameron Tope:

I have a property that I can sub2 but it's PMI is $500/mo! My plan is to owner finance (wrap) this deal to a buyer, but who pays the PMI? Me? The buyer?

 Hi @Perridia Dozier

This would be like asking who pays the HOA fee or who pays the property taxes. If they live there they are responsible for all fees including PMI.

Regards, from Fort Worth, TX

Thank you ! That makes perfect sense.