Good Credit is almost always required.

No Down Payment loans include USDA Rural, VA, and perhaps owner financing. There may be others that are not as common.

Taking over Payments?
There are very few "non-qualifying assumable mortgages" out there.
You will [most likely] be required to qualify to assume the loan.

If you try something like "Subject to the Mortgage" or "Rent with Option to Buy", please see a Real Estate Attorney for legal advice. Have the Attorney draw up the Contracts and other Documents.


Please speak with a Lender or Lenders regarding this situation. You may wish to call the Bank or Credit Union where you do your checking and savings, and tell them you want to talk about a Mortgage Loan.

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Best wishes to you,
Fred
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