FHA Loan Guides

FHA mortgage information including low down payment options, credit score requirements, FHA loan limits, and mortgage insurance requirements.

VA Loan Information, Colorado Mortgage Resources, FHA Loan Guides, Florida Mortgage Resources, Texas Mortgage Resources

Mortgage Loan Assumption – Decoded in 6 Key Rules

Steve Silver / January 3, 2024

Mortgage loan assumption permits a home buyer to take over the existing seller’s mortgage instead of needing new financing, contingent upon loan and lender policies plus borrower qualification criteria.

TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR

LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705;. INFORMATION AND FORMS ARE AVAILABLE ON SML'S WEBSITE: SML.TEXAS.GOV 877-276-5550. Colorado Dept of Regulatory Agencies: 800-886-7675. Florida Office of Financial Regulation: 850-487-9687.