Jump to main content

# What types of transactions allow me to indicate the loan is assumable?

The Loan is Assumable option is available on the Loan Definition page for in-house, 3200 and 3244.1 transactions. The default value comes from the Document Policy selected for the transaction.

The Loan is Assumable option is not available for FHA, 3502, 3522, 3522.44, 3526, 3528, 5510, or 5531 transactions. For these types of transactions, the assumption choice is based on the underlying terms of the Note.