Is the process of assuming a Loan the same as getting pre approved/ approved for a loan? Is it best to assume a loan or refinance a loan? Taking over my parents property. I have the good income but not the best credit...

Hello all,I need advice on a bad housing situation I am in.  In June 2023, a property in Pleasant Hill, CA area came on market for sale at $468K and seller had offered for the buyer to assume his loan (at interest rat...

Hi everyone – first time poster here. There's a triplex in West Hartford that just came on the market – it's the perfect location I'm looking for to house hack my second property. The listing offers an assumable FHA l...

Hi, My name is Leo. I started investing in real estate last year. I have now one small condo.I found a 2-unit multi family.Seller has a FHA assumable loan.*purchase at $279K in 2021*asking for $310K*remaining loan bal...

Today, I came across a term for me: Assumable Mortgage. As delved into it to learn more, I found that these loans are virtually non-existent anymore? Is that for the exception of FHA or VA backed loans? Diving even de...

Hi everyone, this is my first post, so if I'm asking this question in the wrong area, my early apologies. I'm looking to purchase my first property, and I've been searching for properties with FHA Assumable loans. I d...

I have came across a home with a 2.75% assumable VA loan in a great location. This Property will make for an excellent investment as a house hack then eventually a long term rental which I am pretty excited about cons...

Hi all - I am currently in discussion with a seller of a 4-flat home in the Chicago area, which I am looking to buy. The seller currently has the property financed through an FHA Loan that is transferrable. I am hopin...

What's do y'all know about Assumable mortgages could it be a good strategy?

Hello,Could anyone give some pointers on how a Canadian goes about assuming a U.S. mortgage?