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Updated over 9 years ago on . Most recent reply

Lesley Resnick's profile image
Lesley Resnick's profile image
Lesley Resnick
  • Real Estate Agent
  • from Jacksonville, FL
  • Member since Jul 9, 2015
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Lesley Resnick's profile image
Lesley Resnick's profile image
Lesley Resnick
  • Real Estate Agent
  • from Jacksonville, FL
  • Member since Jul 9, 2015
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Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
1,099
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1,045
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Private Lending & Conventional Mortgage Advice

FHA assumption

Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
Posted

Has anyone done an FHA assumption? What are the costs and underwriting. I have an opportunity for a sfh, that is 2 years into an FHA. The rate is better than market, but will they approve the transfer with our a full loan documentation. The numbers work and it is a matter of should I assume the loan or originate a new one?

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