TransferMortgage™ Scorecards quantify the value of assumable FHA and VA mortgages for qualifying properties.

Scorecards are calculated only for FHA and VA mortgages originated in 2012 or more recently with an estimated mortgage interest rate of 5.5% or less. These criteria help ensure that each Scorecard is for a property that has a truly valuable assumable mortgage.

Buyers, Sellers and Agents use Scorecards to determine the value of assumable mortgage associated with a given property. This value can then be used in negotiations to determine the right price to be paid for the property or other terms and conditions.

Scorecards include:

• Property ID (Unique ID)
• APN (Industry standard property identifier)
• Property Address (or components thereof)
• Owner Name
• Owner Phone Number (when available)
• Owner Email Address (when available)
• Number of Bedrooms
• Number of Bathrooms
• Estimated Home Value
• Estimated Equity Amount
• Estimated Equity Percent
• Estimated Assumable Mortgage Principal Outstanding (if readily available) and/or Total Open Lien Amount
• FHA or VA mortgage indicator
• Precise interest rate (when available)
• Estimated Monthly P&I payments
• Value comparison to a new conventional mortgage for the identified property at today’s rates in terms of:
  – Lower monthly P&I payments
  – Amount of faster home equity built at years 5, 10 and 15 of ownership
  – Total interest cost savings over the remaining term of the assumable mortgage.
• All of the comparisons above are repeated for a comparison between the assumed mortgage + a 2nd mortgage to reach an 80% LTV as compared to a new conventional mortgage at 80% LTV.