Some mortgage lenders permit a mortgage transfer if you have an assumable mortgage, and if your situation falls into one of the exceptions listed in the due-on-sale clause.
How to know if your mortgage is transferableTo determine whether you're able to transfer your mortgage, you'll have to see if you have an assumable mortgage.
An assumable mortgage will let a borrower transfer the mortgage to someone else even if they haven't fully paid it off.
If you have an adjustable-rate mortgage or a government-backed mortgage (including FHA, VA, and USDA mortgages), you might have an assumable mortgage.
Can you transfer your mortgage to someone else FAQsCan you just transfer a mortgage to another person?
Persons:
—, Christopher Hurdman, You'll, Hurdman, you'll
Organizations:
Service, Chevron