USA Mortgage Assumption Agreement

Are you purchasing a property in the USA, and planning to take over the existing mortgage on the property? Use this Mortgage Assumption Agreement to document the assumption of the debt.

• The lender will transfer the property to the borrower, but may reserve the right to withhold its consent to the sale or transfer of the property.
• The borrower is responsible for paying all costs involved to assume the mortgage on the property.
• The lender shall be entitled to an assumption fee based on a percentage of the original principal amount.

This USA Mortgage Assumption Agreement is provided in MS Word format, and is fully editable to meet your requirements.