Taking over an existing mortgage: who can, how, and what it takes
Which loans allow it
Desk answer
FHA, VA and USDA loans are generally assumable by a creditworthy buyer with servicer approval. Most conventional loans include a due-on-sale clause, though federal law exempts certain family transfers. Ask the servicer directly; the note and mortgage control.
Last reviewed against the primary sources listed below.
By type
- FHA: creditworthy buyer, servicer review.
- VA: servicer or VA approval; entitlement matters.
- USDA: agency guidance applies.
- Conventional: usually due on sale.
Assumption questions
Is a conventional loan assumable?
Usually not, except some family transfers.