Buying Homes with an Assumable Mortgage
February 18, 2024
Qualified homebuyers can purchase a home with VA or FHA government financing and assume the current mortgage. This is not a new program – it has been around for decades – but it’s becoming more popular for both buyers who want a lower interest rate and sellers who want to sell their home in a market that is dealing with higher interest rates. Once the home closes escrow through the title company, as normal, then the seller is off the loan and the loan becomes the new buyer’s loan. Investors who do not plan to occupy the home can assume... View Article
