Assumable Mortgage Homes for Sale
Unlock Assumable Loans — Buy a Home with a Low Rate as Low as 2.3%
Find and buy your new home with an assumable mortgage and save thousands on monthly payments
What Is an Assumable Mortgage Loan?
An assumable loan lets you take over the seller’s existing mortgage, including its balance, terms, and most importantly, its interest rate. Instead of taking out a brand-new loan at today’s higher rates, you step into their loan and continue making payments at their much lower rate — sometimes as low as 2.3%.
VA, FHA, and USDA mortgages are assumable, and anyone can assume these loans. For VA assumptions, the buyer is not required to have VA eligibility.
The Benefits
Lower Monthly Payment
Interest rates on assumable loans are often 2-4% lower than new loans, potentially saving you 20-40% on your monthly payment.
Lower Monthly Payment
Interest rates on assumable loans are often 2-4% lower than new loans, potentially saving you 20-40% on your monthly payment.
Lower Monthly Payment
Interest rates on assumable loans are often 2-4% lower than new loans, potentially saving you 20-40% on your monthly payment.
Myths vs. Truths
Myth: Assumable loans are only for veterans.
Truth: Anyone can assume a VA or FHA loan with proper qualification. (For VA, the veteran’s entitlement rules apply, but non-veterans can still assume.)
Myth: It’s complicated and takes months.
Truth: With the right guidance, we can streamline the process. Many close in similar time frames as traditional loans.
Myth: You have to assume the full balance in cash.
Truth: You only cover the difference between the home’s price and the existing loan balance (often via a second loan or cash).
How Much You Can Save
Taking over an assumable loan at 2.5% instead of a new loan at 6–7% can save you hundreds per month and tens of thousands over the life of the loan. We can show you exactly what you’d save based on your price range.
Search for Assumable Loans
We’re the local experts on assumable VA and FHA loans in Southern California. Our team tracks every active listing with an assumable mortgage and has built a proprietary Assumable Loan Search Tool to match you with homes offering this rare advantage.
With 15+ years of experience and thousands of transactions, we know how to:
– Qualify you quickly for the assumption
– Navigate lender and servicer paperwork
– Structure the purchase to cover any equity gap
– Save you money and time from start to finish