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Deeding property to daughter

If my daughter is on title, but on on the loan, what will happen when the title transfers to her? is she responsible for the loan? by rsmartin330 from Buffalo Mills, Pennsylvania. Mar 15th 2019 Reply


Thomas Dasta (lendfm)
#32 ranked lender in Georgia - 55 contributions

The loan wont transfer. Whoever is on the loan will stay on the loan.

Mar 15th 2019
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

More info needed, but in general.. the original borrower(s) can add the daughter to the title, so long as the original borrower(s) remain on title, it's allowed... however, this does transfer the loan responsibilities.. The obligation to pay back the loan will remain in the original borrowers name. Obviously, if daughter does not pay the loan, the property will foreclose, but it wont reflect on her credit report, only on the original borrowers. However, if this scenario plays out, then because she (daughter) was on title when the property foreclosed, she would not be able to purchase another home using conforming financing until she has met the mandatory seasoning period. Lenders run reports other than the credit report to see if the borrower has had any major derogatory events,, if she was on title and the home foreclosed, they will find out, even if it's not on the credit report. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Mar 15th 2019
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,970 contributions

Title (ownership) and who is on the mortgage loan is usually the same, but can be different. At least one of the people on the loan will need to remain in title, but you can add or subtract others. Think of a divorce. Subtract one person. Think of someone owns a house, and gets married... They can add the new spouse to ownership.

Mar 20th 2019
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