*Loan,banking and credit>>>mortgage loan

Which mortgage is a home loan that can be transferred to another borrower?

Mostly ARM mortgages can be transferred, Also FHA laon too. It is best to call you lending bank and ask if you can do it. Source(s): www.superdavemortgage.com

a mortgage that is transferable....not common...except with a VA loan
The old fully assumable mortgage is a relic of a bygone era.

Some mortgages are still assumable but the prospective borrower must meet the standard underwriting criteria and be approved by the lender. This is clearly spelled out in the mortgage contract.

You'll have to read the mortgage contract and see what it says about assignment.
"assumable"
http://www.choicefinance.net/
They're called "assumable". FHA, VA, and most ARM loans allow assumptions.

A 5/1 ARM can generally only be assumed AFTER the 5 year fixed period. 3/1, 7/1, etc... all the same, only after the fixed period.

The new buyers would need to either have cash or financing for the remaining equity, and would need to qualify with the bank holding the existing loan. It's cheaper than getting a new loan, but not by a whole lot.

It's pretty rarely done nowadays.