credit qualifying: Are FHA Loans Assumable? - 12/18/10 10:50 AM
If asked, how many real estate professionals could tell you that FHA 203(b) loans can be assumed by an owner-occupied creditworthy buyer? I bet that if a survey was taken today within the real estate community, you would be surprised to learn how many have no idea about this assumability feature. Over the past few months, our company has closed hundreds of FHA loans at 4% or better.  As we stand today, those buyers have a selling niche that has not been seen in years: the assumable mortgage at a rate lower than the current market rate.
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Dustan Shepherd (Prospect Mortgage, LLC  NMLSR 260770)

Dustan Shepherd

Overland Park, KS

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Prospect Mortgage, LLC NMLSR 260770

Address: 1201 N.W. Briarcliff Pkwy, #201, Kansas City, MO, 64116

Mobile: 913-687-4550

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