Can You Assume a Conventional Loan?
Thursday, May 28
# Can You Assume a Conventional Loan? No. Not in any practical sense for a standard home purchase. Conventional loans (those backed by Fannie Mae and Freddie Mac) have due-on-sale clauses in the mortgage documents. This clause gives the lender the right to demand full repayment of the loan when t...
USDA Loan Assumptions Explained
Wednesday, May 27
# USDA Loan Assumptions Explained USDA loans are assumable. They're the third leg of the government-backed assumable loan stool, after VA and FHA. Less common, but they exist, and the rates on USDA loans from the low-rate era are just as attractive. ## What's a USDA Loan? USDA loans are backed by...
FHA Loan Assumptions Explained: The Complete Guide
Tuesday, May 26
# FHA Loan Assumptions Explained: The Complete Guide FHA loans are assumable. Every single one of them. If a seller has an FHA mortgage at 2.75% from 2021, you can take over that loan and keep that rate. Period. Here's the quick math. A 1,589 per month. A new 2,495. That's 271,800. FHA assumption...
VA Loan Assumptions Explained: Step by Step Guide
Monday, May 25
# VA Loan Assumptions Explained: Step by Step Guide Yes, you can assume a VA loan. And yes, non-veterans can do it too. This is one of the most misunderstood topics in real estate, so let me lay it out clearly. A VA loan assumption means you take over the seller's existing VA-backed mortgage at t...
FHA Assumable Mortgage: How to Assume an FHA Loan in 2026
Sunday, May 24
Most buyers know that interest rates are high. What most buyers don't know is that millions of existing homes come with an option to skip today's rates entirely. If a seller has an FHA loan, and they bought before 2023, there's a real chance you can take over their mortgage at whatever rate they ...
What Is an Assumable Mortgage? The Complete 2026 Guide
Saturday, May 23
# What Is an Assumable Mortgage? The Complete 2026 Guide If you just heard about assumable mortgages on NPR and you're wondering if it's real, the answer is yes. It's very real. And if you're buying a home in 2026, it might be the most important thing you learn this year. Here's the simple versio...