Finance
Indiana's mortgage assumption process typically requires the new buyer to:
ASimply notify the lender of the assumption without qualification
BQualify for the loan with the lender, who reviews creditworthiness before approving the assumption✓ Correct
CObtain title insurance separately from the assumption
DPay a 5% assumption fee regardless of the loan balance
Explanation
Most assumable loans (FHA, VA) require the new buyer to qualify with the lender — demonstrating creditworthiness and ability to repay — before the lender approves the assumption. The seller may still remain liable unless they receive a formal release.
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