Tag Archives: Raunaq Singh

Cap on servicer fees for FHA loan assumptions doubled to $1,800

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While lenders welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions quickly. Continue reading →

Assumable loan platform Roam offers seller closing guarantee

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If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller’s mortgage payments for up 60 days after the scheduled closing date. Continue reading →

VC-backed Roam seeks to connect buyers to assumable mortgages

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In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing. Continue reading →