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Answers (3)
- Brian French
- Contributions:141
Good Morning Berrysweet,
Wetdog is correct, but I wanted to at least give you a local resource should you need it (I'm in Beaver Dam). If you want to let me know the specifics of your issue, I might be able to help further.
The person keeping the house (and the mortgage) will need to qualify by himself/herself. It doesn't help to just quit claim the deed to them.
Wetdog is correct, but I wanted to at least give you a local resource should you need it (I'm in Beaver Dam). If you want to let me know the specifics of your issue, I might be able to help further.
The person keeping the house (and the mortgage) will need to qualify by himself/herself. It doesn't help to just quit claim the deed to them.
- MoniqueU
- Contributions:114
I thought FHA loans were all assumable with qualifying?
go to your lender and tell them the other party wants to assume your loan.
it may work.
Write up a sales contract. Do it legally.
go to your lender and tell them the other party wants to assume your loan.
it may work.
Write up a sales contract. Do it legally.
- wetdawgs
- Contributions:26854
Assuming there is a typo and you want to come "off" a FHA loan, the person who wants to remain on must qualify on his/her own qualifications, therefore, this means refinancing. You can't just remove your name because the lender used your income and other financials in order to see if the parties could qualify.
WHAT IS THE BEST WAY OF COMING OF AN FHA LOAN WITHOUT REFINANCING?
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