Before You Sign Any Cash Offer...
Free Home Sellers Assumable Mortgage Guide
Many homeowners don’t realize that some mortgages can be transferred to a new buyer instead of being paid off at closing.
This process is called an assumable mortgage.
When interest rates are higher than the existing loan, assumable mortgages can create significant value for both buyers and sellers.
However, the process requires lender approval and careful structuring, and many homeowners and agents are unfamiliar with how it works.
This short guide explains how assumable loans function, when they can benefit a seller, and what steps are required to complete an assumption.
Free Home Seller Guide: Assumable Mortgage Guide
In this short guide you will learn:
• Which types of mortgages are commonly assumable (FHA, VA, USDA)
• How a buyer applies to assume an existing loan
• When an assumable mortgage can increase the sale price of a home
• The approval process lenders require before allowing an assumption