09/16/2026
Yes — sometimes.
It’s called an assumable mortgage, and when a seller is sitting on a 2%, 3% or 4% rate, that loan can become a pretty valuable part of the property.
Here’s the simple version 👇
🏡 The seller has an existing mortgage with a low interest rate.
🔑 Instead of financing the entire purchase price with a brand-new loan, a qualified buyer may be able to assume the seller’s existing mortgage — including its current rate and remaining loan terms.
Sounds amazing, right?
There is one important catch…
💰 The buyer still has to cover the seller’s equity.
For example:
Home price: $500,000
Assumable mortgage balance: $350,000 at 3%
Difference the buyer needs to cover: $150,000
That difference may need to come from cash or, in some situations, additional financing.
And this isn’t simply a matter of agreeing with the seller and taking over their payments. The buyer generally has to qualify through the loan servicer and complete the formal assumption process.
Also important: not every mortgage is assumable.
FHA, VA and USDA loans are commonly the ones worth investigating, subject to the specific loan requirements. Most conventional mortgages generally aren’t assumable.
But here’s why I think buyers AND sellers should understand this:
A seller with a low-rate assumable mortgage may be offering something that goes well beyond the house itself.
And if I’m marketing that home?
I want buyers to know that rate exists.
Because in today’s market, the financing attached to a property can sometimes be part of what makes that property stand out.
📲 Buying or selling in North Texas? Message me “ASSUMABLE” and I’ll help you figure out what questions to ask and whether it could make sense for your situation.
Loan assumptions are subject to lender/servicer approval and individual loan requirements.
