Call your current mortgage servicer and ask them to send you an assumption package for the loan.
You will need to be occupying the property.
An appraisal may not be necessary through this transaction as the lender already has the property now the borrower needs to qualify.
The assumption idea may be workable because you will not have any closing costs. The thing is interest rates are real low and you have qualify anyway on an assumption , a refinance may be a better option. the only way to tell is to do the math and see which option is in your best interest. Feel free to contact me and go over the numbers there is no cost or obligation. But hurry the FHA insurance costs are going up April 1st.