Find and Buy Homes with Assumable Mortgages
AssumeList™ is the first-of-its-kind real estate tool that allows homebuyers, investors, agents and brokers the ability to find homes for sale with an assumable mortgage.
Developed from the ground up, AssumeList™ enables subscribers to search for homes with VA, FHA, and USDA assumable mortgages regardless whether they are actively listed or non-listed.
100% of AssumeList™ homes contain an interest rate below 5%; the vast majority have rates of 3% and lower.
AssumeList™ Delivers Results
We empower you with the tools to find your perfect home, and white-glove service to help you buy it.
AssumeList™ maintains the largest network of experienced agents to help you
find and purchase a home with an assumable mortgage.
Our partner agents guide buyers through the entire homebuying process at no additional cost. From finding a home, to submitting an offer, to helping obtain assumption approval from servicers, all the way through closing. We get the job done!
VA, FHA, and USDA loans are assumable!
What is an Assumable Mortgage?
An assumable mortgage allows the buyer to purchase a home by taking over the seller’s existing mortgage.
VA, FHA, and USDA loans are assumable, and anyone can assume any of these loan types.
For VA assumptions, the buyer is not required to have VA eligibility.
Benefits of an assumable mortgage:
✓ Buyer assumes seller’s existing interest rate
✓ Buyer assumes seller’s remaining loan term
✓ No appraisal
✓ Reduced closing costs
✓ No VA Funding Fee*
*There is no VA Funding Fee however the VA does charge a 0.5% flat assumption fee on all assumption loans. This fee is waived for veterans with a service-related disability rating or surviving spouses of veterans who died in service or from a service-related disability.
Why Assumption Loans Matter
Average interest rate over 50 year period = 7.75%
Average interest rate since 1990 (post-Volcker era) = 6%
Example Scenario: $800K Home Purchase
New VA Loan
| Down Payment : | 5% |
| Interest Rate : | 7.50% |
| VA Funding Fee : | $12,540 |
| P&I Payment : | $5,314 |
Assumable Loan
| Down Payment : | 5% |
| Interest Rate : | 2.50% |
| VA Assumption Fee : | $3,800 |
| P&I Payment : | $3,002 |
Save 40% or more!
Search For Properties
And save thousands on your mortgage payment
Case Study: Northern Virginia
Over 50,000 homes in just Fairfax and Prince William Counties have a VA or FHA assumable mortgage with an interest rate below 5%!!!
1 in 15 homes sold in Fairfax County
1 in 6 homes sold in Prince William County
This data is representative of many other regions nationwide, including Southern California, Arizona, Colorado, Texas, Florida, Georgia, and North Carolina, among others where a high concentration of VA and FHA buyers reside.
*Source: 2020 Census Data
Mortgage Rate Forecast
Fannie Mae: 30-year mortgage rates will average near 7% through Q1 2024, landing at 6.5% by Q4 2024.
Zillow Senior Economist Jeff Tucker: “The best bet is that we continue to see mortgage rates in the ballpark of current levels, generally 6.5% to 7.0%.”
Mortgage Bankers Association (MBA): “2024 rates expected to range from current levels possibly tapering down to 6.1% by the end of 2024.”
National Association of Realtors (NAR) Chief Economist Lawrence Yun: “The new normal for mortgage rates looks to be between 6% – 7% for the 30-year fixed rate.”
Takeaway: Top industry experts predict mortgage rates will generally remain between 6.5% – 7% over the next 12 months. Furthermore, experts do not expect rates to drop below 6% in the foreseeable future even after the Federal Reserve tapers quantitative tightening measures.
AssumeList™ Features
AssumeList™ is a fully featured home search tool that provides users with market insights unavailable through other means.
With AssumeList™ you can:
Agent Use Case
AssumeList™ creates powerful marketing opportunities for agents by supercharging their ability to leverage the market shift.
Agent-only features:
