Can I Assume a Mortgage with Bad Credit? cover art

Can I Assume a Mortgage with Bad Credit?

Can I Assume a Mortgage with Bad Credit?

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Most people count themselves out before they even pick up the phone. Ryan breaks down exactly what the credit requirements look like for VA, FHA, and USDA assumptions, and the numbers will surprise you. FHA assumptions start at a 500 minimum credit score, VA has no floor set by the VA at all, and here's the part nobody talks about: your credit score does not affect the rate you get on the assumed loan. The rate is already locked. Ryan runs the real math on a buyer saving $1,210 a month on the same house - with a credit score a conventional lender would have turned away. If you've been told you can't buy a house because of your credit, listen to this one first. Hit up assumableguy.com or DM @the.assumable.guy on Instagram.

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