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View Full Version : Can I sign my mortgage over to a family member


richierico
Jan 4, 2009, 05:21 AM
Can I sign my mortgage over to a family member

tickle
Jan 4, 2009, 06:22 AM
No you can't sign your mortgage over to a family member.

sandkicker
Jan 16, 2009, 08:40 AM
If the existing mortgage is an FHA loan, there is the possibility that they could "assume" the mortgage... however they would have to "qualify" for the loan on their own.

ScottGem
Jan 16, 2009, 08:48 AM
This depends on the mortgage. YOU can't just sign it over. However, the lender can allow the family member to assume the mortgage. Such a clause would have to be written into the note or be agreeable to the lender. They would have to qualify as noted.