Finance
A Nebraska buyer assumes an existing FHA mortgage. For loans originated before December 1, 1986:
AAssumption is prohibited
BAnyone can assume the loan without qualification✓ Correct
CAssumption requires full credit qualification
DAssumption requires only lender notification
Explanation
Pre-December 1986 FHA loans are freely assumable by anyone without credit qualification. FHA loans originated after that date require lender approval and credit qualification of the assuming buyer.
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