Whoo hooo!! Just got word that we can assume the current sellers FHA loan! This is huge for us! This means that we get to keep our interest rate low and won't need to bring nearly as much to closing:) It cuts out the middle man pretty much when you apply for the loan... no processing or any of that jazz.
Yay yay yay!! We are happy and things are looking great for us:)
Now we just have to wait and see how long it takes to take over their loan to see if closing will remain on Feb 4th or if we will need to push it back a bit. And so we wait... :)
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