With a mortgage, who owns the house?


The bank or mortgage company who gave you the mortgage is considered the owner of the property until you pay off the mortgage. However, you are responsible for making the monthly mortgage payment, repairs and maintenance for the home, payment of any property taxes and payment of insurance premiums.

More Homeownership FAQs from Low Income Households

  • How can homeownership benefit me?
  • How can homeownership benefit me?
  • How to buy a home with bad credit?
  • Are there HUD homeownership programs?
  • How does homeonwership affect your credit score?