Assumption Desk checklist
Questions to ask a lender
Desk answer
The servicer, not the original lender, usually handles assumptions. Ask it these questions in writing.
Last reviewed against the primary sources listed below.
Eligibility
- Is this loan assumable, and under what conditions?
- Do I need to qualify, and what documents do you need?
Costs and time
- What fees apply?
- How long does your review take?
Seller
- Will the seller receive a release of liability?
How to use the answers
Use the assumability check with the answers to see what remains.