Yes - your existing lender must consent to the assignment, and not all lenders cooperate. Some national banks refuse CEMAs entirely; others charge processing fees of $500 - $2,000. Contact your lender before listing to confirm CEMA eligibility. If your lender refuses, you cannot offer this benefit - but knowing early lets you adjust your marketing strategy and avoid promising savings you cannot deliver.
From the seller playbook: CEMA Strategy from the Seller Side
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
More questions on this topic
List for free, or go full service for 1%.
Use the playbook yourself, or let us run pricing, marketing and negotiation.