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    DDunk's Avatar
    DDunk Posts: 2, Reputation: 1
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    #1

    Feb 8, 2007, 06:22 PM
    Assumable Loans
    How can I assume someone's mortgage loan with no money down?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Feb 8, 2007, 07:34 PM
    You work with a real estate agent who will know if any of their homes have assumable mortages,

    Check out VA loans many of them are.

    The person has to want to sell their house and have it for sale, then if they have a mortgage that is assumable, you have to make application to them and see if they will accept you to take the mortgage over.
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