FHA/VA/USDA Loan Assumptions for Investors

[Mike Mazzucco]

Hi Guys,

I am a real estate agent in Arizona. I am trying to get creative for some of my buyers/sellers out here in regards to seeing if loan assumptions may be helpful to piece some deals together for my primary buyers and even investors. One question I had for you all, can FHA/VA/USDA loans be assumed by an investor or does it have to be a primary buyer? Also, for those of you that have experience doing assumptions, how long did it take from start to finish?

If you respond to this, please also comment if this is something you have actually done before or if its just something you are knowledgeable about.