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Updated over 1 year ago on . Most recent reply
Can You Transfer Mortgage To Someone Else?
Hello Bigger pocket!
Is it possible to to transfer mortgage to someone else? I bought a house using FHA. Since I want to move to another state, I have a friend who want that property. if I agree to transfer my mortgage to him without changing anything (monthly payment and interest rate).
Thank you.
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
@Patrick Buntubwimana Yes, they can assume your mtg. This involves them applying and qualifying for the loan just the same as if they were applying to buy a house with an fha loan.