While the Lending world has almost completely changed in the last 6 months, Each lender is still unique.
All are largely dependent on the secondary market, and that usually dictates what the qualifications are.
In most cases, you will need copies of your latest income taxes, proof of your employment and wage.
A good credit rating is also huge. However my usual response, is to check with the lender as each institution
has different programs, criteria and guidelines.

The short answer is yes. Assumable mortgages do have qualifications.

My advice would be to put together a contract sale. Often times, this requires a down payment, but is a great way to buy a home if you don't qualify for a conventional mortgage.

If you'd like help putting a contract sale together or have us take a closer look at getting you qualified for a new home loan, I'd be happy to help!

Even if you do a contract sale, you'd want to make sure that you'll be able to finance the home on your own in the next two years. Most contract sales have a balloon, which means it must be paid in full within a certain amount of time.

I hope this helps!! I'd love to help further if I can. There are many properties for sale in Urbandale right now, I'm sure there are some properties considering selling on contract.