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Home » Financing Guide » You can use an FHA loan to become a landlord

FHA loans are assumable

A little-known FHA benefit is that the agency will allow a home buyer to “assume” the existing FHA mortgage on the home being purchased.

The buyer must still qualify for the mortgage with its existing terms but, in a rising mortgage rate environment, it can be attractive to assume a home seller’s loan.

5 years from now, for example, a buyer of an FHA-insured home can “inherit” a seller’s sub-4 percent mortgage rate.

‹ You can use an FHA loan to become a landlord up

Financing Guide

  • Closing Costs and Allowable Charges
  • Credit Requirements for FHA Loans
  • Debt-to-Income Ratio Guidelines
  • Down payment funds
  • FHA Checklist
  • FHA Loan Limit
  • FHA Loan Rules for Down Payment Gift Funds
  • FHA Loan Tips for Improving Credit
  • FHA even permits applicants with no credit scores
  • FHA loans are assumable
  • History of the FHA mortgage
  • How Many Times Can I Use An FHA Loan
  • How long do late payments stay on your credit report
  • How to Obtain Finaincing
  • I Have Bad Credit, Can I Use A FHA Home Loan?
  • Minimium Credit Scores for FHA
  • The FHA insures most property types
  • What Are FHA Loan
  • What Kind Of Property Can I Buy Using A FHA Home Loan?
  • What is on your credit report ?
  • What's the difference between an FHA and conventional loan?
  • Why Have FHA Loans Become So Popular
  • You can use an FHA loan to become a landlord
    • FHA loans are assumable

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