what is the best way to assume a loan from a sibling?

The best/easiest way to assume a mortgage from a sibling is going to depend on the type of loan and if it even has an assumption clause within it. If it doesn’t have an assumption clause, the easiest way is to add yourself to title of the property and than refinance the loan into your name, quit claiming your sibling off title but you will have to qualify for the loan with regards to income, ltv and credit requirements.

Traditionally, FHA & VA loans have the option to assume but have pretty strict guidelines, however, conventional loans are not traditionally assumable. Please let me know if you have any additional questions.