The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home


Subject:  Re: Buying a new home, what type of loan? Date:  3/26/2013  3:08 PM
Author:  foo1bar Number:  125006 of 129250

Get a < 10% down conforming FHA loan with a 30-year term. Insist on an assumable loan for a subsequent buyer.

A 10% down, 30 year, FHA loan that's assumable?
Please let me know where you can get one of those.
(And I mean now, not where you got one in the 70s or 80s)
Perhaps the mortgage professionals will correct me - but my impression is that those don't exist - assumable mortgages are unusual for any 30y fixed.
If such a thing is available (and not much more costly than a regular 30y fixed), I'd be interested for myself
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us