Posted on: 10th Jun, 2011 06:03 am
I am wanting to purchase a home, however I received through the mail a Qualifying Assumption Loan Kit. I wanted to know if instead of this could I get a Non Qualifying Assumption Loan? What do I need to do if there is a possibility in doing so.
There is a lady who is saling a home that she and her ex-husband own. I want to assume her loan, I received a packet from her bank with a letter with her name on it. It is as if she told the bank to send the packet to her, however with my address on it. The packet contains a Qualifying Assumption Loan Kit. I want to see if I can obtain the Non Qualifying Assumption Loan instead. What is the minimun you have to be at a job to be accepted on a Qualifying assumption loan and a Non Qualifying assumption loan?
There is a lady who is saling a home that she and her ex-husband own. I want to assume her loan, I received a packet from her bank with a letter with her name on it. It is as if she told the bank to send the packet to her, however with my address on it. The packet contains a Qualifying Assumption Loan Kit. I want to see if I can obtain the Non Qualifying Assumption Loan instead. What is the minimun you have to be at a job to be accepted on a Qualifying assumption loan and a Non Qualifying assumption loan?