Ok so can i sell my FHA home for 190000 keep that for me, and still transfer balance to buyer? Or do i have to pay fha off

Hi Sherri! Selling your home no matter what kind of financing product you use will allow you to receive any "profits" from the sale of your home after all applicable closing costs and fees are paid, which should all be noted on the HUD-1 Settlement Statement that you sign at closing. If there is a shortfall, you would need to bring those funds to closing. You will be entitled to obtain another FHA Insured Loan if you are considering that and if so, I'd be happy to help you get Pre-Approved without any obligation and can help you explore all options for new financing. Please feel free to contact me anytime. Thank you and have a Great Day!

You have to pay off the loan and you and keep the difference

When you sell you must pay off thd loan first. The difference between the sales price (less any seller fees) andthe loan payoff is shat you get to keep.

Yes you must pay off your mortgage and keep the rest minus and closing feesGood Luck!

I guess you are asking if the loan is transferable??

I think I am reading between the lines... FHA loans are assumable. A new person can potentially take over the existing loan. You can charge the buyer any difference between what is owed and the loan balance as down payment and keep that.

Question is not 100% clear. Keep this in mind - the bank hold 1st lien position to the home, it can be transferred but only by legal professionals - not by you. In most cases - the lender holding a security interest in the property would need to be satisfied. Again there are ways around this - but this is something you learn over a long career in real estate; it's not something you wake up one morning and decide to do - so be careful. We wish you the best of course. Double A Mortgage.