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FIND YOUR HOME IN OUR DIRECTORY
Over 20,000 to choose from
Your next home is just a phone call away. Our list allows you to contact the seller yourself. We provide assumable property data on homes not already on the market for sale, so that you can get there first. These mortgage loans have already established Interest rates as low as 2%! Position yourself to connect before anyone else and be ready to take over!
Significant savings are available to home buyers who assume a mortgage. Rather than applying for a new loan, take over the interest rate of the sellers "existing mortgage" to avoid all traditional settlement cost. Mortgage assumptions are much easier and less costly for all consumers.
Did you know?
- FHA and VA loans are assumable
- The Federal Government regulates this strategy
- There is hidden value in the life of any assumable loan
Knowledge is power!
Home buyers searching for down payment options, or faced with low credit ratings, do not have to wait any-longer. Bypass escrow fees, document fees, appraisal fees, points and brokerage commissions right now. More importantly there is no longer a need to submit to rising mortgage interest rates. Start by requesting a list of assumable properties in your area.
10+
Years of Experience
LEARN ABOUT ASSUMABLE MORTGAGES
VIDEOS
$2,800.00/mo
4501 FAIR CREEK TERRACE ALEDO, TX 76008
Beautiful home located in the established neighborhood of Lost Creek. Large corner lot home that boasts 4 bedrooms, 3 and...
Assumed
1050 BEN BLACK ROAD MIDLAND, NC 28107
Follow the winding, pine tree lined driveway up to this charming painted brick ranch on 6.83 acres. The home....
$2,800.00/mo
4501 FAIR CREEK TERRACE ALEDO, TX 76008
Beautiful home located in the established neighborhood of Lost Creek. Large corner lot home that boasts 4 bedrooms, 3 and...
$1,823.30/mo
23747 VIA MARIA DR NEW CANEY, TX 77357
Lots on natural light in this well kept 1538 Sq.Ft home. A 4 bedrooms 2 bath home that features a large....
LOW INTEREST RATE AND SHORTER PAYMENT TERM
ASSUMABLE CONSULTATIONS
Get the facts
Discover how to effectively assume a mortgage that already has a low grandfathered interest rate and a payment term that is less than 25 years. We will focus on specific areas that are relevant to you. We avoid legal jargon and help familiarize our clients with the process, explain how to locate properties and start the assumption steps.
EVERY ASSUMABLE MORTGAGE
HAS HIDDEN VALUE
Do the math
The value hiding behind an existing mortgage can be easy to find. It can be found in the low interest rate. It also can be found in the payments already applied to the mortgage. In example: If 60 payments (5yrs) of $1000 have already been applied to the mortgage, the hidden value is $60,000. The formula is that simple.
Use our Calculators to verify it.
SHORT TERM BENEFITS
Keep your coins. Lower settlement fees. Reduced payment terms. Low interest rate mortgage.
IMMEDIATE BENEFITS
Keep your cash. Some lenders may request a small amount to secure the loan, but this cost normally does not exceed $500.00. A credit score of 620 or better increases your potential.
LONG TERM BENEFITS
Keep adding it up over time. Buyers will capture the most savings when they take over a loan that is at least 5 years old. Any mortgage with a reasonable interest rate has a result that is better than new financing.
A SUCCESSFUL ASSUMPTION
8 EASY STEPS
Step 1
BE CREDITWORTHY
Review your credit score, and financial status. As of July 2012, FHA requires a minimum credit score of 580. Lenders often require a higher credit score of 620.
Step 2
USE OUR SEARCH TOOL TO ORDER A DATA LIST
Find a loan to assume by searching our national assumable mortgage directory.
Step 3
EXPRESS INTEREST
Contact the seller. Be prepared to discuss your interest in the property and your desire to assume their loan.
Step 4
VERBALLY AGREE TO PROCEED
While this is a non binding task, it will prompt you to begin the assumption process with their lender
Step 5
WAIT FOR THE ASSUMPTION PACKAGE
The seller will order an “Assumption Package” from their lender. Most lenders are able to mail this to them in just a few weeks.
Step 6
EXPECT 30 DAYS
Expect 30 days for the lender to complete your request. It is wise to confirm the lender has received and is satisfying the request. Some lenders may specify the amount of additional time needed.
Step 7
EXPECT 30 DAYS
Once you and the buyer complete the lenders instructions, expect 30 days for them to complete your request. It is wise to confirm the lender has received and is satisfying the request. Some lenders may specify the amount of time needed.
Step 8
KEEP YOUR APPROVAL & ASSUMPTION DOCS
The lender will notify you of approval once everything is processed and the loan transfer is complete.