Most people do not know this but all loans insured by the FHA can be assumed, which can be very helpful when it comes time to sell that house. In other words, the buyer could just take over the loan and not have to pay any refinancing cost. In fact, the only loans that can’t be assumed are those that originated before December 1, l986. Of course the person who wants to buy your house will have to show and go through a credit check to ensure he or she is credit worthy. It’s just another avenue to think about.