Seller represents that the Existing Loan is assumable. Buyer agrees to make application to the Lender to assume the Existing Loan, if required. 2.Assumption Uniform Residential Loan Application. Verify and complete the information on this application. UHC Assumption Information Request. Complete and submit form below to receive an Assumption Information Packet. ِProspective buyer submits loan application and required documents. 5. ِBuyer approval received. 6.