HUD 232 Assumability

Are HUD 232 Loans Assumable?

Are HUD 232 Loans Assumable?

When a loan is assumable, it means that it can be taken by another borrower, who will ‘assume’ the payments, as well as the ownership of the property. Fortunately for borrowers, HUD 232 and HUD 232/223(f) loans are fully assumable, with permission from the FHA/HUD, and a 0.05% fee.