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An assumable mortgage, typically subject to VA and/or lender approval. You may be able to have someone take over your mortgage payment, which can be a big benefit It is your responsibility to be an informed buyer and assure yourself that what you are buying is satisfactory to you in all respects.
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Home buying guide. Refinance your mortgage. First-time homebuyer grants and programs. An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA for FHA loans: Everything you need to know in 2019. 5 types of mortgage loans for homebuyers.