How to Find Assumables

Millions of outstanding FHA/VA loans (fixed-rate and adjustable) permit assumptions. In addition, most conventional (Fannie/Freddie) and portfolio lenders will allow sellers to transfer their adjustable-rate loans to buyers. Also, many investor mortgages on larger apartment, office, and retail properties permit assumptions by buyers. To find assumable loans requires you to ask and investigate. Sellers (or their realty agents) may not know or publicize this fact. On the other hand, when interest rates shoot up, the search for assumables becomes intense. Savvy sellers and agents then tout their assumables to favorably distinguish their properties from others that require buyers to obtain costly new loans.

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