FHA loans can be assumed under a couple of different situations. The buyer can summit qualifying information and have the original mortgagee removed from liability, if the new buyer qualifies. In the past, FHA loans have been assumed without qualifying but the original mortgagee is still liable for the loan if the new buyer does not make the payments. The original note and mortgage should have specifics on whether the loan can be assumed and under what conditions. Most assumable loans are at a higher interest rate than what is offered now, therefore, most buyers are not interested in assuming these higher interest rate loans. In addition, you may need a 2nd mortgage in order to purchase the property and pay the seller their equity and sales expenses. There are down payment assistance programs available in Jacksonville, FL for first time home buyers. email@example.com.