Posted by Rob FL on December 09, 1998 at 20:36:14:
It depends on what type of loan. VA, FHA, conventional. During the 1980’s they all changed from being ANQ to AWQ or due-on-sale. But, yes the older loans are still assume no qualify if you can find them, because the laws are not retroactive. I am sure some others know the exact dates of the changes.
Assumable Loans - Posted by Mike G.
Posted by Mike G. on December 09, 1998 at 19:48:02:
I’ve read that some loans that were funded prior to 1988 are assumable ( No Qualifing ). I asked my loan broker this and he said no way, that you must qualify in order to assume. Who is right??? Thanks
Re: Assumable Loans - Posted by rudy-austin
Posted by rudy-austin on December 10, 1998 at 07:39:10:
VA will allow contract for deeds -rudy, austin
Dates on NQ Assumables - Posted by David Alexander
Posted by David Alexander on December 10, 1998 at 24:22:12:
VA loans originated before March 1988
FHA loans originated before Dec. 1989
are Non-Qualifying Assuambles.
David Alexander