Homes for sale with an Assumable Mortgage

Mortgage assumption is a type of financing that could save you a lot of money! If a home seller has an existing mortgage that is assumable, you can apply to assume their mortgage. That means your payments will be based on the existing mortgage’s balance and interest rate. Buyers often need to be prepared with a sizeable downpayment to buy a home with a loan assumption – – but not always. The buyer needs to pay in cash or secondary financing the difference between the property’s purchase price and the existing loan balance to be assumed. Check out the listings available with an Assumable Mortgage!

View our current Assumable Mortgage Listings here!