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Updated almost 2 years ago on . Most recent reply

Arthur Iskhakov's profile image
Arthur Iskhakov's profile image
Arthur Iskhakov
  • Member since Oct 8, 2019
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Arthur Iskhakov's profile image
Arthur Iskhakov's profile image
Arthur Iskhakov
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Arthur Iskhakov
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Creative Real Estate Financing

Assuming an fha loan

Arthur Iskhakov
Posted

Hi,

I have a seller that purchased a duplex using an fha loan in 2021 ($170,000 purchase), and lives in one unit. Currently selling for $270,000. Would I be able to assume the fha loan if my cost would cover approximately 40% of the value of the home while assuming his fha loan?

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