Are you purchasing a property, and planning to take over the existing mortgage on the property? Use this Mortgage Assumption Agreement for use in the United States. The form includes an Acknowledgement by a Notary Public. Provisions of the Agreement include:

• 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.