What We Offer

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 assumable mortgages.

Developed from the ground up, AssumeList™ enables subscribers to search for homes with either VA or FHA 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 3.5% and lower.

AssumeList™ is the first-of-its-kind real estate tool that allows prospective homebuyers the ability to find homes for sale with assumable mortgages.
Department of Veterans Affairs and Department of Housing and Urban Development logos

VA and FHA 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.

Both VA and FHA loans are assumable, and anyone can assume either a VA or FHA loan.

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

  • Assumption loans largely irrelevant during the past 10 years due to extremely low prevailing mortgage rates
  • Assumption loan demand growing substantially in recent months due to inflation-induced rate hikes
  • In high-cost markets, housing affordability directly tied to interest rate

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

Search for Properties with Assumable loans on AssumeList™
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Case Study: Northern Virginia

  • 430,000 homes exist in Fairfax County* = approximately 26,000 homes eligible for VA or FHA assumption
  • 162,000 homes exist in Prince William County* = approximately 27,000 homes eligible for VA or FHA assumption

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 7.1% through Q1 2024, tapering back to 6.7% 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 7.5%.”

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 near 7% for the 30-year fixed rate.”

Takeaway: Top industry experts predict mortgage rates will generally remain between 6.5% – 7.5% 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™ is a full feature home search platform that provides users with market insights unavailable through other means

AssumeList™ Features

AssumeList™ is a fully featured home search tool that provides users with market insights unavailable through other means.

With AssumeList™ you can:

  • Perform real-time MLS queries using user-specified criteria
  • Identify homes with VA and FHA assumable mortgages
  • View approximate loan balance, interest rate, and current mortgage payment
  • Find 100% of homes on AssumeList™ possess a sub-5% interest rate (with the vast majority having rates lower than 3.5%)
  • Take advantage of these great features and new features coming soon!

Agent Use Case

AssumeList™ creates powerful marketing opportunities for agents by supercharging their ability to leverage the market shift.

Agent-only features:

  • Support specific client needs who seek to purchase a home with a below-market interest rate
  • Search unlisted off-market homes with assumable mortgages (prospect marketing on a whole new level)
  • Share findings with clients directly from your AssumeList™ portal
  • Assess down payment requirements with provided est. loan balance
AssumeList™ creates powerful marking opportunities for agents by supercharging their ability to leverage the market shift

Have a Question?
We’re Ready to Serve!

Need help with how to use AssumeList™ or have a general question? Drop us a line and we’ll respond back to you in double time fashion.

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