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Frequently Asked Questions

All about Assumable Mortgages and Assumable.io

How to find Assumable Mortgage Homes For Sale?

Assumable is the leading platform for finding Assumable Mortgages near you. Easily search active assumable mortgage listings and discover the existing interest rate, potential savings, and more.
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How Does a Seller Benefit from an Assumable Mortgage?

Sellers who take advantage of marketing their home with an assumable mortgage can potentially bring more buyers to the table and fetch a higher selling price. Assumable can help you get top dollar for your assumable home.
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What is an Assumable mortgage?

Assumable loans are government-backed mortgages. Typically FHA, VA, and USDA. Since 1986 these loans are assumable. This means you can assume the existing mortgage on a home and maintain its low interest rate.
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How do I qualify for an assumable mortgage?

You must meet the requirements of the lender on the existing mortgage. Typically this includes evaluating your credit score, income, and the typical other factors. Assumable helps you through this process with the servicer to ensure a smooth assumption..
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What is a low rate assumable loan?

So, what exactly is a low rate assumable loan? It's a type of mortgage where a buyer can take over the seller's original mortgage at the existing lower interest rate. This can be a huge benefit for the buyer, especially if the current mortgage rates are higher than the rate on the assumable loan. FHA loans, VA loans, and USDA loans are all types of mortgages that can be assumable. When a lender offers an assumable loan, it gives the borrower the option to take advantage of the lower rate without having to go through the hassle of applying for a new loan. It's a win-win situation for both buyer and seller in the home buying process.
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How Long Does an Assumable Mortgage Take?

Assumable is the industry leader in processing assumable mortgage transactions. We have 13 years of experience working with lenders to successfully complete assumptions. The time it takes to complete the assumption depends on numerous variables. We quote the estimated timeline of your assumption when w work on your behalf. Currently, we aim for 30 to 45 days for some lenders and 60 to 90 for others. This is a case by case basis determined by which lender owns the mortgage. Contact us for more details on this.
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Is Loan Assumption The Same as an Assumable Mortgage?

Typically, when someone talks about loan assumption, yes, they are talking about an assumable mortgage, either FHA Assumable loans, VA assumable loans, or USDA assumable loans. However, loan assumption is a broad term and may apply to other topics. Using Assumable's platform ensures you view homes with assumable mortgages near you.
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How do you get the assumable home data?

The assumable mortgage rates displayed on property listings are derived from our proprietary data engine. This engine ingests millions of public records, raw mortgage data, and first-party information to provide the most accurate assumable mortgage information for each listing on our platform. Unliked 99.9% of real estate platforms, we DO NOT RELY on disparate, prohibitive MLS data. This gives Assumable.io the advantage over everyone in the market.
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How much does an Assumable mortgage cost?

To complete your assumption you must cover the equity in the home you want to buy. Assumable clearly lists this estimated cost on each listing. We are working in earnest with lenders to make assumable mortgages more affordable - stay tuned for more details.
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How does Assumable Help?

Our team of experts makes the assumable mortgage process easy and stress free. We help buyers, sellers, agents, and lenders achieve their goals.
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How do I know if my home is assumable?

If you have an FHA or VA or USDA loan originated after 1986, you most likely have an assumable mortgage. If you are uncertain; speak to your current mortgage servicer or check your online account to see your type of loan. Assumable.io can also help you!
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Can Assumable help someone who is a buyer and seller?

Our goal at Assumable is to make both buyers and sellers happy. We are pioneering a new Home Mover Program to connect buyers and sellers dealing with assumable mortgages. Tap into the unique benefits of this financing option and make the most out of mortgage assumption with our help.
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Can Anyone Assume a VA Loan?

Yes anyone can assume a VA assumable loan. Military service is not a requirement. It's important to note that the VA benefit stays with the home.
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What Should Sellers do if They Have an Assumable Mortgage?

So, you're a seller with an assumable mortgage on your home? That's great news! It means that the buyer of your home can take over your existing rate and terms on the mortgage loan. But what should you do next? The first step is to find a qualified borrower who is willing to assume your mortgage. Assumable is the leading platform to help you find the most buyers for your home. Next you must make sure they meet all the lender's requirements and are capable of taking on the financial responsibility. It's important to communicate openly with your lender and the potential buyer to ensure a smooth transition. Don't worry, Assumable's team of experts can help you here. Selling a home with an assumable mortgage can be a win-win situation for both parties involved. Working with Assumable can help sellers get more buyers to the table and the best offer possible in today's market.
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Do I Have to Pay The Remaining Loan Balance?

What If I Don't have a big enough down payment?

How do you get the assumable home data?

Assumable is working with industry leading vendors to help buys with their assumable mortgage. On a mission to lower your4 mortgage payments, Assumable is working hard to help you with your down payment need. Stay tuned for more on this in the future.
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The Only National ‍
Assumable Mortgage Platform

Making The American Dream More Affordable For Millions

All 50 states served

Listings Below 4% APR

Cities Across The US

Featured In

What is an Assumable Mortgage?

Buy a home with its existing low rate

Assumable Mortgage Facts

$1013

You Take Over The Existing Loan

Access Historically Low Rates Below 4%

Can a non veteran assume a VA loan?

We're in all 50 states no one else is

Why people love

Assumable FHA Loans

Assumable VA Loans

Buyers

Sellers

We're Making The American Dream
More Affordable For Millions

The Average Assumable Home Buyer Could Save $1000+ a Month on Their Payment

Assumable Resource Center

All About The Assumable Mortgage in 2025

How to Find Assumable Mortgage Homes 2025

What Is an Assumable Mortgage? How it Works - How To Find - How to Save Thousands

Frequently Asked Questions

Find Homes With Assumable Mortgages

Pages

Social

The Only National ‍Assumable Mortgage Platform

Making The American Dream More Affordable For Millions

All 50 states served

Listings Below 4% APR

Cities Across The US

Featured In

What is an Assumable Mortgage?

Buy a home with its existing low rate

Assumable Mortgage Facts

$1013

You Take Over The Existing Loan

Access Historically Low Rates Below 4%

Can a non veteran assume a VA loan?

We're in all 50 states no one else is

Why people love

Assumable FHA Loans

Assumable VA Loans

Buyers

Sellers

We're Making The American Dream More Affordable For Millions

The Average Assumable Home Buyer Could Save $1000+ a Month on Their Payment

Assumable Resource Center

All About The Assumable Mortgage in 2025

How to Find Assumable Mortgage Homes 2025

What Is an Assumable Mortgage? How it Works - How To Find - How to Save Thousands

Frequently Asked Questions

Find Homes With Assumable Mortgages

Pages

Social

The Only National ‍
Assumable Mortgage Platform

We're Making The American Dream
More Affordable For Millions