Money one must pay when buying another's mortgage, to cover costs for processing the paperwork.
Related information about assumption fee:
- What is assumption fee? - BusinessDictionary.com
Definition of assumption fee: Charge imposed by a lender (usually a bank) on the buyer of a property who assumes the existing mortgage on that property.
- Assumption Fee: Definition from Answers.com
A charge levied by a lender on a buyer who assumes the existing loan on the subject property. Previous: Assumable Loan ,
- Assumption Fees - Financial Dictionary - The Free Dictionary
Assumption Fee. A fee that the buyer of a property with an assumable mortgage pays to the lender for the ability to take over the mortgage. Want to thank TFD for ...
- What is assumption fee? definition and meaning - InvestorWords.com
Definition of assumption fee: Money one must pay when buying another's mortgage, to cover costs for processing the paperwork.
- Are Mortgage Assumptions a Good Deal? - Mortgage Professor
Nov 17, 2003 ... FHA allows lenders to charge a $500 assumption fee and a fee for the credit report. VA allows a $255 processing fee and a $45 closing fee, ...
- Assumption Fee Provision in Nevada, Oklahoma Security - DocMagic
DocMagic, Inc.'s Compliance Department recently updated the "assumption fee" provision in the Fannie Mae first-lien, conventional second-lien, Veterans ...
- What is ASSUMPTION FEE? - The Law Dictionary
Definition of ASSUMPTION FEE: A change a lender puts on a buyer of property. This person assumes the mortgage. Refer to assumption of mortgage.
- FRB: A Consumer's Guide to Mortgage Settlement Costs
Aug 18, 2010 ... Assumption fee. If you are assuming (or taking over) an existing mortgage, the lender may charge a fee. Estimated cost: Depends on the lender, ...