This class covers everything you could need to know about processing an Assumption on a qualified loan including:
-Definition of an Assumption
-What types of loans are assumable?
-Release of liability
-Credit Worthiness
-Eligibility requirements for VA and FHA loans
-Required Documents for Approval
-Secondary Financing
-Seller Contributions
-Timelines
-Approvals
-Denials
-Assumption Addendum
-The Closing Statement
Lunch will be provided, please register for a spot
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