FAQs

How do I process a Conventional Qualified Assumption due to Divorce?

To proceed with your request for a Qualifying Assumption of the liability on the above loan, the awarded party will be required to complete a loan application and undergo full credit underwriting, including an analysis of their income, credit, and assets, and provide a final divorce decree or settlement agreement signed by all parties showing who has been awarded the property.

Download Assumption Scenario for a Conventional Qualified Assumption due to Divorce (PDF)