How AssumeList can benefit you?
AssumeList is a unique real estate tool that allows prospective homebuyers, investors, and agents the ability to find homes for sale with an assumable mortgage. AssumeList™ enables users to search for homes with VA, FHA, and USDA assumable mortgages regardless whether they are actively listed or off-market. 100% of AssumeList™ homes contain an interest rate below 5%; the vast majority have rates of 3% and lower. 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 a purchase a home with an assumable mortgage, at no additional cost.
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What is An Assumable Mortgage?
An assumable mortgage allows the buyer to purchase a home by taking over the seller’s loan. VA, FHA, and USDA mortgages are assumable, and anyone can assume these loans. For VA assumptions, the buyer is not required to have VA eligibility.
What makes us different
A few things our customers appreciate.
Lower Monthly Payment
Interest rates on assumable loans are often 2-4% lower than new loans, potentially saving you 20-40% on your monthly payment.
Reduced Closing Costs
Since you’re not originating a new loan, assumable loans have fewer closing costs and lender fees.
Shorter Loan Payoff
Assumable loans have less than 30 years remaining before they’re paid off — so you’ll pay thousands less in interest over the life of the loan.
What people are saying
“My husband and I are military and were searching for a home with a VA assumable mortgage. We found our dream home with a 3% interest rate in the perfect community. AssumeList connected us with an agent who was phenomenal. With current interest rates around 7%, the savings on our assumed mortgage payment is $3,400 a month! That’s $40,000 a year less in interest!”
“Assumelist helped me find a home with an assumable mortgage. Although the home was not advertised as assumable on any other website, Assumelist was able to show me the estimated assumption gap and estimated interest rate. With this information, I was able to call the listing agent and present an offer to assume the seller’s loan. We are now under contract to assume a home with a 2.75% interest rate and will be closing in a few weeks!”
“We could not be more pleased with the service. We didn’t know what to expect and was amazed with how many assumable homes were available but not searchable on any other website. This made our home search significantly easier for it allowed us to focus on homes only with assumable mortgages. Thank you AssumeList!”