FHA • VA • USDA ASSUMABLE MORTGAGES

2–4% Mortgage Rates
Still Exist.

You Just Need to Know Where to Find Them.
Thousands of homeowners are sitting on low-rate assumable mortgages. Qualified buyers may be able to take over a seller's existing mortgage rate, potentially saving hundreds or even thousands per month.
We help you find the homes, understand the numbers, and navigate the process.
SHOW ME ASSUMABLE HOMES →
2.25% 2.75% 3.125% 3.75%
Rates like these may already be attached to homes for sale. Actual rate, balance, terms and buyer qualification vary by property.
Beautiful Sacramento area home
IMAGINE ASSUMING 2.75% instead of starting over with today's mortgage rate.
FHA • VA • USDA • GREATER SACRAMENTO • GENNIFER & GARY MEEK
THE OPPORTUNITY

Today's Interest Rate Doesn't Have to Be Your Interest Rate.

Most buyers assume that if today's mortgage rates are higher, that's simply the rate they'll have to accept when purchasing a home.
Not necessarily.
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Keep the Existing Rate

A qualified buyer may be able to assume the seller's existing mortgage interest rate.

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Take Over the Balance

Instead of starting a brand-new mortgage for the entire purchase, you may assume the seller's remaining mortgage balance.

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Keep the Remaining Term

The existing mortgage's remaining repayment schedule generally stays with the assumed mortgage.

That means a home purchased today could potentially come with a mortgage originated when rates were 2%, 3% or 4%.
SHOW ME ASSUMABLE HOMES →
SEE THE DIFFERENCE

Same Home. Very Different Payment.

The interest rate attached to a home can dramatically change the monthly cost of owning it. Here's a simple example.
NEW MORTGAGE EXAMPLE
6.50%
Example interest rate
MONTHLY PRINCIPAL + INTEREST
$3,160
Based on a $500,000, 30-year mortgage
ASSUMABLE
EXISTING MORTGAGE EXAMPLE
2.75%
Example existing interest rate
MONTHLY PRINCIPAL + INTEREST
$2,041
Based on a $500,000 remaining balance
EXAMPLE MONTHLY DIFFERENCE $1,119 in principal & interest
EXAMPLE ANNUAL DIFFERENCE $13,428 in principal & interest

Finding the mortgage can be just as important as finding the house.

That's why we don't just search for homes. We help identify properties that may have low-rate assumable mortgages attached to them.

FIND ASSUMABLE HOMES →
Illustrative example only and not a quote or offer of financing. Principal and interest calculations shown are approximate and exclude taxes, insurance, mortgage insurance, HOA fees and other costs. Actual mortgage balance, rate, remaining term, payment, eligibility and assumption requirements vary by property, borrower and servicer.
HOW IT WORKS

What Exactly Is an Assumable Mortgage?

Instead of getting an entirely new mortgage, a qualified buyer may be able to take over the seller's existing mortgage, including its interest rate, remaining balance and remaining term.
FHA

FHA mortgages may generally be assumed by qualified buyers with approval from the mortgage servicer.

VA

VA mortgages may be assumable by qualified buyers. Special VA eligibility and entitlement considerations may apply.

USDA

Certain USDA mortgages may also be assumable, subject to program requirements and approval.

THE BIG QUESTION

What About the Equity Gap?

The assumable mortgage balance may be less than the home's purchase price.

The difference is often called the equity gap.

Understanding that number early helps us determine whether the opportunity makes sense for you.

PURCHASE PRICE $600,000
ASSUMABLE BALANCE − $475,000
EQUITY GAP $125,000

From Search to Closing

We help you navigate the process from beginning to end.

1

Find

Identify homes that may have low-rate assumable mortgages attached.

2

Analyze

Review the existing rate, balance, payment and potential equity gap.

3

Structure

Determine whether the property and purchase structure make sense for you.

4

Navigate

Work through the assumption process and mortgage-servicer approval toward closing.

Every assumption is different. That's why having someone who understands both the real estate transaction and the assumption process matters.

EXPLORE MY OPTIONS →
Gennifer and Gary Meek
30+ YEARS OF REAL ESTATE EXPERIENCE
MEET GENNIFER & GARY

Finding the Low Rate Is Only the Beginning.

Successfully buying the home attached to it is where experience matters.
With more than 30 years in real estate, Gennifer & Gary Meek help buyers navigate traditional purchases, assumable mortgages and creative real estate strategies throughout the Greater Sacramento Region.

From identifying the opportunity and analyzing the numbers to structuring the offer and navigating the assumption process, we're here to help you understand your options every step of the way.
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30+ Years of Real Estate Experience
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Assumable Mortgage Experience
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Creative Purchase Strategies
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Greater Sacramento Market Experts
LET'S FIND MY HOME →