Transferring Fha Mortgage Ownership

Summary

To transfer an FHA mortgage to your name after a separation, you generally need to refinance. However, FHA loans can be assumable if you meet credit and income requirements, the loan is current, and the lender approves. Contact a local legal advisor or the FHA for personalized advice.

Full Conversation

Well I wanted ask something about deed and mortage
Hello ****, I am here to help you with your questions about deeds and mortgages. Can you please specify your question and also provide your location, as laws can vary based on location?
I live in batesville ar.
Hello ****, thank you for providing your location. Can you please elaborate on your questions about deeds and mortgages? Are you asking about the process of getting a mortgage, or do you have questions about transferring a deed?
I am on deed to a house as joint equal ownership but I am not on the mortage loan. My partner and I plan to seperate and I am wandering what steps I have go aboit getting mortage in my name. Which he will agree. I just dont know if it can be done without refiancing ? Also, it was a fha loan.
Hello ****,
You would most likely need to refinance the mortgage in your name, as the mortgage and deed are separate. However, FHA loans can be assumable. This means:
- You have to meet FHA's credit and income requirements.
- The existing loan must be current.
- The lender must approve you to assume the loan.
It's advisable to contact a local legal advisor or the FHA directly for personalized advice.