Homeowners with FHA & VA loans can increase their home’s market appeal in this demanding seller’s market with an assumable mortgage.
What is an Assumable Loan?
An assumable mortgage is a loan that can be transferred from the seller to the buyer. The buyer keeps the rate in terms of the original loan.
What’s Great about an Assumable Mortgage?
When the interest rate of your current mortgage is below the market rate for a new loan, a home buyer could save thousands of dollars by taking over or “assuming” your existing loan. This unique feature could give you a competitive edge against other homes on the market.
If you have any further questions, check out our FAQ page.
Know the Pros and Cons.
It’s smart to know all your options upfront. One benefit of being a Lakeview customer is our full-service approach to helping each customer navigate the mortgage marketplace. Our mission is to be your trusted lender of choice for all future mortgage transactions. Contact a Lakeview Mortgage Loan Originator for a free, no-obligation consultation.