Mortgage Portability Guide for Loan Transfer (2026)
Understand mortgage portability: transferability, qualifying conditions, fee structure, and mortgage loan transfer.
Summary
Some mortgages are portable. This guide explains transferability, conditions, and fees for moving loan to new property.
Key Steps
- 1Understand portability: transfer existing mortgage to new home purchase.
- 2Lender discretion: not all mortgages portable, lender approval required.
- 3Same terms: ported mortgage retains original rate, term, conditions.
- 4Bridge financing: temporary loan if portability not immediate.
- 5Fee structure: portability fees vary by lender, typically $500-$1,000.