Learn About Assumable Mortgages
103 articles covering every angle of assumable mortgages. Whether you're buying, selling, investing, or just curious, start here.
What Is an Assumable Mortgage and Why Should You Care?
An assumable mortgage lets you take over a seller's existing loan at their rate. With rates locked in at 2-4% from 2020-2021, the savings are massive.
How to Assume a VA Loan: Step-by-Step Guide
A complete walkthrough of the VA loan assumption process. From qualification to closing, here's exactly how to take over a veteran's low-rate mortgage.
How to Assume an FHA Loan: Complete Walkthrough
Everything you need to know about assuming an FHA mortgage. Qualification requirements, the process, timeline, costs, and how to cover the equity gap.
USDA Assumable Loans: What You Need to Know
USDA rural development loans are assumable too. Here's how they work, where to find them, and why they might be the most overlooked assumable opportunity.
The Equity Gap Explained: Your Real Down Payment on an Assumable Mortgage
The equity gap is the amount you need to cover above the existing loan balance. Here's what it is, how to calculate it, and your options for covering it.
How Much Can You Save with a 2.5% Assumable Rate?
The real numbers behind assumable mortgage savings. I break down monthly payments, total interest, and lifetime savings at various rate comparisons.
Can You Assume a Mortgage with Bad Credit?
Your credit score matters for assumptions, but maybe not how you think. Here's what servicers actually look at and your options at different credit levels.
How Long Does It Take to Close on an Assumable Mortgage?
The assumption timeline from offer to closing. What to expect at each stage, what causes delays, and how to speed up the process.
Second Mortgages and Assumable Loans: Covering the Equity Gap
How to use a second mortgage to cover the equity gap on an assumable home. Options, rates, terms, and the math behind blended payments.
FHA vs VA Assumable Loans: What's the Difference?
A direct comparison of FHA and VA loan assumptions. Qualification requirements, entitlement issues, costs, and which type might work better for you.
How to Find Homes with Assumable Mortgages
Where to search for assumable mortgage listings, what to look for in the MLS, and why most homes with assumable loans aren't advertised that way.
Assumable Mortgage Closing Costs: What to Expect
A detailed breakdown of closing costs on a loan assumption vs. a traditional mortgage. How much you'll save and what fees to expect.
Can Non-Veterans Assume a VA Loan? Yes. Here's How.
Non-veterans can absolutely assume VA loans. Here's the process, the entitlement consideration for sellers, and why this opens up huge opportunities.
The Complete Assumable Mortgage Checklist for Buyers
Everything you need to prepare before pursuing an assumable mortgage. Documents, qualifications, financial preparation, and the steps from start to close.
What Happens After You Assume a Mortgage?
You closed on your assumption. Now what? Here's what to expect with payments, servicer communication, insurance, taxes, and your first year as the new borrower.
First-Time Homebuyers: Why an Assumable Mortgage Could Be Your Best Move
If you're buying your first home in today's high-rate market, an assumable mortgage could cut your payment by 30-50%. Here's why first-timers should pay attention.
What Credit Score Do You Need to Assume a VA Loan?
VA loan assumptions have no official minimum credit score. But here's what servicers actually look for and how to prepare your application for approval.
Why Sellers Should Market Their Assumable Loan
Your low-rate mortgage is your biggest selling point. Here's why marketing your assumable loan attracts more buyers and can get you a higher sale price.