Our bid got picked a property with a 2.5% assumable loan. Our primary residence was purchased two years ago, and we're not planning to move to a new property. I'm unsure about the likelihood of approval for an FHA loan assumption. Deciding whether to move to a new home or stay in our current residence depends on the approval chances for the loan assumption.
Any one bought an investment property with an assumable loan? Appreciate suggestions.
Assemble loan property to give it to rental.
byu/reddithold inrealestateinvesting
Posted by reddithold