Home Selling in Indiana>Question Details

Britt_chesher, Home Buyer in Indianapolis, IN

Can I sell my home, which is financed through an FHA loan, on contract?

Asked by Britt_chesher, Indianapolis, IN Sat Oct 26, 2013

Had an offer from someone to buy our home, on contract. They will be able to buy it outright between 6 months to a year from now. Is this even possible?

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Answers

1
You will want to check with your lender and have an attorney draw up a solid contract. Depending on the origination date of the loan, it could be assumable, assumable with qualifications or not assumable. Also, the loan could be call due in full at the change of ownership. These are questions you will want to ask.
0 votes Thank Flag Link Wed Oct 30, 2013
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