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What is the best option for a company to buy a property with a HUD loan in place??

Is it possible for an Assumable loan or unofficial transfer?? by nursingessentials... from Lakeland, Florida. Dec 3rd 2015 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Your best option is CASH... FHA loans are assumable, but only for owner occupied individuals.. not companies or corporations, and the individual must qualify.. the days of non-qualifying assumptions have been gone for many years.. Also, unofficial transfers are illegal.. and all loan fraud cases are investigated by the FBI or the CFPB... You also can try using a private lender or hard money lender.. but there are no conforming loans that allow you to purchase in a company name.. it must be an individual. But private money aka. Hard Money, will allow you to do it.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Dec 3rd 2015
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