Assumable Mortgages · Greater Phoenix
Sell and buy with a low-rate mortgage.
Some home loans can be passed from seller to buyer, rate and all. I help Phoenix-area sellers use theirs as a selling advantage, and help buyers find and take over a loan at a rate that isn't offered today.
See homes with an assumable mortgage Book a free strategy sessionThe basics
What an assumable mortgage is
With an assumable mortgage, a qualified buyer takes over the seller's existing loan: the remaining balance, the remaining term and the original interest rate. FHA, VA and USDA loans are generally assumable with the lender's approval. Most conventional loans are not.
If you're selling
Your low rate is a selling advantage.
Your rate may be worth as much to a buyer as your kitchen. If you have an FHA, VA or USDA loan, I market your home with its rate front and center, to buyers who are searching for exactly that.
- I confirm with your loan servicer that your loan can be assumed and what it requires.
- I price and present the home so buyers see the monthly payment advantage.
- I coordinate the assumption with the servicer through closing.
- For VA sellers, I walk you through what happens to your VA entitlement before you decide.
If you're buying
Take over a rate that isn't offered today.
I track active Phoenix-area listings that appear to carry an FHA or VA loan at a low rate, and you can search them on this site by area, price, loan type and rate.
- I verify with the listing agent that the loan is assumable before you get attached to a home.
- I help you plan for the gap between the price and the loan balance, which is paid in cash or with a second loan.
- You don't need to be a veteran to assume a VA loan; you do need to qualify with the lender.
- I manage the assumption timeline, which often runs longer than a standard closing.
How it works
Four steps, start to closing.
Strategy session
A free 30-minute call about your loan or your search.
Verification
I confirm the loan details with the servicer or listing agent.
The numbers
A side-by-side of the assumption against a new loan, so you see the real difference.
Closing
I coordinate the lender, both sides of the sale and the timeline.
Good to know. Loan details shown in the search are estimates from public records until confirmed. Every assumption requires lender approval and buyer qualification. Not every home or buyer will qualify, and I'll tell you plainly if yours doesn't.
Common questions
Things people ask before the first call.
Can a non-veteran assume a VA loan?
Yes. Veteran status is not required of the buyer. The buyer does have to qualify with the lender, and the seller should understand how the assumption affects their VA entitlement before agreeing to it.
Is this legal?
Yes. Assumption is a standard feature of FHA, VA and USDA loans, completed with the approval of the loan servicer.
How long does it take?
An assumption often takes longer than a standard closing because the loan servicer has to review and approve the buyer. I'll give you a realistic timeline for your specific loan before you commit.
What if the loan balance is much lower than the price?
The buyer covers the difference between the purchase price and the loan balance, in cash or with a second loan. I run those numbers with you early, because that gap decides whether an assumption makes sense.
Do I need to sell my home first?
Not necessarily. I coordinate both sides of a move and plan the order around your situation: sell first, buy first, or close together.
What does it cost to talk to you?
Nothing. The strategy session is free.
By city
Assumable mortgage homes by area
Goodyear, AZ · Buckeye, AZ · Surprise, AZ · Avondale, AZ · Litchfield Park, AZ · Glendale, AZ · Peoria, AZ · Sun City, AZ · Laveen, AZ · Anthem, AZ · Scottsdale, AZ · Cave Creek, AZ
Guides
Your rate is an asset. Let's use it.
Book a free 30-minute strategy session. I'll review your loan or your search and tell you what your situation allows.
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