Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

25
Posts
7
Votes
Winston Reed
  • Rental Property Investor
  • Pearland, TX
7
Votes |
25
Posts

Assuming FHA loan on a property that has already been rented out.

Winston Reed
  • Rental Property Investor
  • Pearland, TX
Posted

My mother in law owns a home here in Houston with a current FHA mortgage, but had to move closer to us (on the other side of Houston) for health reasons. So, she rented out the house using a property manager and relocated to another property we own, which is just 10 minutes away. Now, she would like to unload her house and says she would let my wife and I assume the FHA loan for what she still owes. It's a great opportunity because she probably has $50k in equity that she would essentially be passing on to us. My question is can we assume an FHA loan on the property, as non-occupants, while keeping the current tenants in place? This is my first discussion post, so I appreciate any input.

Loading replies...