Tanja Ayodele - Realtor at HomeSmart

05/26/2026

05/26/2026

If you’re looking for a way to buy a home with a lower interest rate in today’s market, an assumable loan might be the opportunity you’ve been waiting for.

Here’s how the process works 👇

An assumable loan allows a buyer to take over the seller’s existing mortgage — including their current interest rate, remaining balance, and loan terms.

This is especially valuable when the seller has a much lower interest rate than what’s available today.

Most assumable loans are backed by government loans like:
• FHA loans
• VA loans
• USDA loans

Here’s the process step-by-step:

Step 1 — Find a home with an assumable mortgage.
Not every loan qualifies, so your REALTOR® and lender can help identify eligible homes.

Step 2 — Review the loan details.
You’ll look at the seller’s current interest rate, remaining loan balance, monthly payment, and how much equity is in the home.

Step 3 — Get approved by the lender.
Even though you’re assuming the loan, you still have to qualify financially with the current loan servicer.

Step 4 — Cover the equity difference.
If the home price is higher than the remaining loan balance, the buyer usually pays the difference with cash or secondary financing.

Step 5 — Close and take over the loan.
Once approved, the loan transfers to the buyer and you continue the mortgage under the existing terms.

Why do buyers love assumable loans?
✅ Lower interest rates
✅ Lower monthly payments
✅ Potential savings over the life of the loan
✅ More buying power in today’s market

If you’re curious whether an assumable loan could work for you in Colorado Springs or surrounding areas, let’s connect and explore your options.

📞 Tanja Ayodele
🌐 Ayo Homes
📧 [email protected]

05/14/2026

Amazing time at the USO Colorado!! got to talk to soldier to educate them to be financially prepared. We will be back next month. Thank you USO for supporting us!!

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UNDER CONTRACT

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We will be at the Ft Carson USO this Wednesday to educate and answer questions about financial planning from financial advisor, VA Lender, Insurance and Real Estate agent. Please come and see us and get the answers you need. USO Colorado