#assumable

Being told fha is not assumable by lender

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Being told fha is not assumable by lender called Servbank to check on the possibility of a loan assumption for my fha Mortgage Loan. They said that since they took over the previous company that they no longer do loan assumptions. I believe that, according to federal law, All fha Loans are completely assumable. I believe this should be a service required by federal law for any bank. Wha…

Reddit Personal Finance 180 2023-09-23