Bob Asad
How Can You Assume a Mortgage for Conventional Loan?
Is there a way to assume a mortgage with an interest of less than 4% from a seller with a conventional loan?Anyone able to have success with this?The issues with assumable mortgages is that they are for FHA, VA, and U...
Ann Covey
What I need to know about an ASSUMABLE MORTGAGE!
In looking for my next investment I came across a property in Florida that has an Assumable Mortgage. Now while I am aware of what this means I am curious what the real scoop on these are. Pros vs. Cons and what did y...
Grant Wieczorek
Buying a property for cash vs assuming a loan
I have come across a few properties where one would assume a loan as opposed to buying the property outright for cash and putting new debt on it. My attorney said this is a much easier process. Are there significant...
Andre Delacroix
Can a mortgage loan be assumed by an LLC?
Hello, this is my first post!
I am looking for creative financing on the following deal:
$110K single family home with HCV/Section 8 tenants ($1350 rent, $1000 govt $350 tenant) in good condition:
A personal mortga...
Mary Eubanks
Second lien to borrow gap on an assumable loan
I am a Realtor and have a seller that has an assumable loan, but that still leaves $300K between the balance and the sales price. Any lenders have a program that would lend the gap with an acceptable downpayment?
Bob Asad
How Can You Assume Mortgage When Buying a Property?
Can you assume a mortgage on a conventional or FHA loan?For example, the house is listed for $500k and it has $300k in mortgage left at 3%Could I offer $500k and "assume" the mortgage of the seller?So in conclusion, i...
Elliot Tan
Can you assume a VA loan with an entity?
Have an opportunity to assume a VA loan and wondering if I HAVE to do it in my personal name, or if my entity can assume the loan. So far striking out on doing internet searches and looking on VA website.
Cody Anderson
Partial Assumable on Residential Mortgage - Ever Heard of it?
I know partial assumable loans were (and still are to some extent) pretty common place in commercial real estate financings, but does anyone know of a residential real estate lender who offers partial assumable loans ...
John Acklen
How much do you assume per unit for property insurance?
I'm reviewing an OM for a 12-unit Class A property and the T-6 annualized expenses has the property insurance at $7,068 ($589/unit), but the Broker's Year 1 pro-forma has the property insurance at $3k ($250/unit). I ...
Coby Nguyen
$180,000(Appraised) FHA- ASSUMABLE 3/2 SFR Las Vegas, NV
**New to BP, **Hey BP, Just listed a property here in Las Vegas, NV. I figured I would throw it out there for y'all who are interested in assuming loans or even buying a house @ $180,000 Appraised. ML# 1577708Las Vega...