Assumable VA & FHA mortgages
Homes with low-rate VA & FHA loans you can assume
Take over the seller’s existing mortgage, rate and all. Browse by area to find homes where the loan comes with the house.
- Lowest rate listed
- 3.75%
- Homes / areas
- 1 / 3
Start in Louisiana. Explore nationwide.
Where the low rates are
Each area has its own map, local notes and current listings with assumable loans.
Lowest rates right now
Featured homes
Monthly savings compare the assumed loan with a new 30-year loan at 6.6%.
How it works
Assuming a loan, in plain terms
Government-backed VA and FHA loans can be transferred to a new buyer. You take over the remaining balance at the original rate and cover the rest of the price at closing.
- 1
Find a home with an assumable loan
Browse the rate and home details, then contact us to confirm the loan balance and remaining term.
- 2
Cover the equity gap
Pay the difference between the price and the loan balance in cash or with a second loan.
- 3
Get approved by the servicer
The servicer checks your credit and income just like a regular lender. You don’t need to be a veteran to assume a VA loan.
VA loans
- • Any qualified buyer can assume one, veteran or not.
- • If a veteran assumes it, the seller can get their VA entitlement back.
- • The VA funding fee on an assumption is 0.5%.
FHA loans
- • Assumable by a buyer who meets FHA credit standards.
- • Mortgage insurance carries over with the loan.
- • You must plan to live in the home as your primary residence.