Posted by River City on January 17, 2006 at 07:59:03:
There are still a lot of assumable loans. FHA and VA loans are qualifying assumable and generally adjustable rate mortgage loans are qualifying assumable. The types of assumable loans that generally no longer exist are non-qualifying assumable loans.
Assumable loans - Posted by Chadbourne Rolle
Posted by Chadbourne Rolle on January 16, 2006 at 11:50:10:
Can you be a foreignor and still be able to assume loans?
Re: Assumable loans - Posted by John
Posted by John on January 16, 2006 at 20:13:19:
Yes, but they are real hard to find. Assumable loans went away about 1978, I believe. So there are only a few of them left out there.