Tool
Assumability check
Desk answer
Choose the loan type, your relationship to the borrower and whether you face a large equity gap. The check gives a general likelihood and the questions to bring to the servicer. The servicer decides, nothing is preselected and nothing is stored.
Last reviewed against the primary sources listed below.
Assumption Desk · https://mortgageratestoday.loan/assumability-check.html · General education only; nothing you entered was stored.
How to read your result
The result gives a general likelihood for an assumption, flags the equity gap if you said it is large, and reminds sellers about release of liability.
- Likelihood: a general screen by loan type.
- Gap: plan funding first.
- Release: sellers should get it in writing.
What to do next
Call the servicer's assumption department and ask for its written requirements and timeline.
General only
The loan documents and servicer control.
Assumption questions
Does this approve an assumption?
No. Only the servicer can.