We get many questions about FHA home loans from our readers. Some of those questions concern short sales for FHA home loans, and FHA loan assumption.
An FHA loan short sale is a transaction where the home owner, who coordinates with the lender, agrees to sell the home for less than the amount currently owed on the home. An FHA loan assumption is where a home owner agrees to transfer the property to a buyer under the terms of the original loan.
According to FHA.gov, “All FHA-insured mortgages are assumable.