Latest / The Assumable Guy Show
What if the Bank Says My Loan Isn't Assumable?
If the loan is FHA, VA, or USDA, it is assumable. That is not an opinion. It is written into the loan documents the seller signed at closing. The bank does not get a vote. Ryan explains exactly why servicers say otherwise, what they stand to gain by slowing down or killing an assumption, and why the person on the phone telling you no almost certainly cannot approve or deny anything anyway. He breaks down the three different people who say "the bank said no" and the different fix for each one, then walks through four specific moves to push back: ask for it in writing, ask if FHA or VA should…
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