For Home Buyers
Find Your Dream Home With a Low-Rate Assumable Mortgage
Lock in a pre-established interest rate as low as 2–3% and save hundreds every month compared to today's market rates.
The Buyer Advantage
Why Assume Instead of Getting a New Loan?
Below-Market Interest Rate
Assume a rate of 2–4% instead of today's 7%+ rates. That's a savings of $500–$1,500/month on a typical home.
Lower Monthly Payment
A lower rate means a lower payment. Keep more money in your pocket every single month for the life of the loan.
Instant Equity Advantage
Assumable homes are priced competitively. You gain equity faster when you start with a below-market rate.
Step by Step
How Does a Mortgage Assumption Work?
Find an Assumable Property
Search our database of FHA and VA assumable mortgage listings.
Verify the Loan
Confirm the loan balance, interest rate, and assumability with the lender.
Get Qualified
Apply with the existing lender to take over the loan. Credit and income requirements apply.
Cover the Equity Gap
Pay the difference between the home price and loan balance via cash or a second mortgage.
Close & Save
Complete the assumption process and start saving immediately.
Real Numbers
See How Much You Could Save
| Comparison | Traditional New Loan | Assumable Mortgage |
|---|---|---|
| Home Price | $350,000 | $350,000 |
| Loan Amount | $315,000 | $280,000 (existing balance) |
| Interest Rate | 7.5% | 3.25% |
| Monthly Payment | $2,204 | $1,218 |
| Monthly Savings | — | $986/month |
| 30-Year Savings | — | $354,960 |
Ready to Get Started?
Our team has been helping buyers find assumable mortgages since 2009. Let us help you find the right property.