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FAQ

Advantage Assumptions is a platform that helps you find homes for sale with an assumable mortgage. We identify properties that are listed for sale with FHA and VA loans identifying them as assumable mortgages. We then calculate estimated payments and savings on each listing.

Use our search feature to find qualifying properties in your market!

With the rise of interest rates, assuming a low rate mortgage presents a huge money saving opportunity! A buyer will also have less years to pay on a loan because the seller has already been paying down the mortgage. If the interest rate is lower than current rates on an assumable loan, it is a no-brainer way to buy a house.

Sellers who understand the benefits of their assumable mortgage can market this to potential buyers, ultimately attracting more buyers due to the affordability their mortgage presents. If you are not sure if you have an assumable mortgage, get in touch and we will let you know!

A loan assumption not only produces a lower payment for buyers, the closing costs are lower than a mortgage origination! A loan assumption eliminates common costs associated with getting a loan, such as discount points and appraisal fees.

We will conduct a quick and easy loan assumption pre approval. This way you know if you qualify (before you invest too much time or energy in finding an assumable property) and how much you qualify for. Even if you have been pre approved for a mortgage you will likely qualify for more with a loan assumption and will want to see what your new budget is!

We help with everything associated with obtaining a loan assumption. We help you find eligible properties, we help you get pre approved, if you need a real estate agent we will refer you to a local realtor that we partner with, and we process all the paperwork with the lender to ensure a timely closing on your loan assumption. We help every step of the way until you close on your new home!

An assassumable mortgage is one that allows a buyer to take over the existing terms in the transfer of real estate. This transfers the old loan out of the sellers name into the buyers name, releasing the seller of liability. Only government backed mortgages qualify; FHA, VA and USDA loans.

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