Your low rate can sell your home
If you have an FHA or VA loan from 2019–2022, your rate is worth real money to a buyer. Marketing your home as assumable puts a payment hundreds of dollars lower in front of every buyer who can't afford today's rates.
- We check if your loan can be assumed and what it's worth
- A home value plus an "assumable payment" a buyer would get
- Free, no obligation
What changes when your home is assumable
More buyers can afford it. A buyer stepping into a 2.75% loan pays far less each month than one borrowing at today's rates, so your home stands out from every other listing in the neighborhood.
You still get your equity. The buyer pays you the difference between the price and your loan balance at closing, the same as a normal sale.
It takes planning. The servicer has to approve the buyer, which usually takes 45–90 days. We write the contract dates around that and keep the file moving.
VA sellers: your entitlement
If a non-veteran assumes your VA loan, the entitlement on that loan stays tied up until it's paid off. You can often still buy your next home with a VA loan using your remaining entitlement. If a veteran buyer substitutes their entitlement, yours is restored. Read the VA guide.
Questions people ask
Do I have to sell as an assumable?
No. Assumable is an option we add to your marketing. You can still accept a normal offer with a new loan.
Am I still responsible for the loan after someone assumes it?
You ask the servicer for a release of liability. When the servicer approves the buyer and releases you, you're no longer responsible for the loan.
What if my equity is big?
Buyers can cover a larger equity gap with cash or, sometimes, a second mortgage. We'll show you how the numbers work for your home.