How to find assumable mortgage homes for sale?

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Assumable mortgage homes are properties where the existing mortgage can be transferred from the seller to the buyer. This can be an attractive option for homebuyers, as it allows them to take advantage of the existing mortgage terms, potentially saving them money in the long run. In this article, we will explore how to find assumable mortgage homes for sale and the steps involved in the process.

Understanding Assumable Mortgages

What is an assumable mortgage?: An assumable mortgage is a type of home loan that allows a buyer to take over the seller’s existing mortgage. The buyer essentially steps into the shoes of the seller and assumes responsibility for the mortgage payments.

Types of assumable mortgages: There are two types of assumable mortgages – qualifying and non-qualifying. Qualifying assumable mortgages require the buyer to meet certain eligibility criteria, including creditworthiness and income verification. Non-qualifying assumable mortgages, on the other hand, do not require the buyer to meet these criteria.

How to Find Assumable Mortgage Homes for Sale

1. Work with a real estate agent: One of the easiest ways to find assumable mortgage homes for sale is to work with a knowledgeable real estate agent. They have access to multiple listing services (MLS) and can help you identify properties with assumable mortgages.

2. Online real estate platforms: Many online real estate platforms allow you to filter your search based on specific criteria, including assumable mortgages. Websites like Zillow,, and Redfin provide search options that allow you to find properties with assumable mortgages.

3. Networking: Networking within the real estate community can also be a valuable way to find assumable mortgage homes. Attend local real estate events, join real estate investor groups, and connect with other professionals in the industry. They may have information about properties with assumable mortgages that are not listed on public platforms.

4. Direct contact with sellers: Sometimes, sellers may not actively advertise that their property has an assumable mortgage. In such cases, reaching out directly to sellers or their listing agents can help you uncover these opportunities. Make inquiries about assumable mortgages when contacting sellers or their representatives.

The Process of Buying an Assumable Mortgage Home

1. Verify assumability: Before proceeding with the purchase of an assumable mortgage home, it is crucial to verify that the mortgage is indeed assumable. Review the mortgage documents and consult with the lender to ensure that the mortgage can be transferred.

2. Qualify for the assumption: If the mortgage is a qualifying assumable mortgage, you will need to meet the lender’s eligibility criteria. This typically involves a credit check, income verification, and other financial assessments.

3. Negotiate terms: Once you have identified a property with an assumable mortgage and have qualified for the assumption, negotiate the terms of the assumption with the seller. This may include negotiating the purchase price, interest rate, and other terms of the mortgage.

4. Complete the assumption process: To complete the assumption, you will need to fill out the necessary paperwork provided by the lender. This includes an assumption agreement and other documentation required by the lender to transfer the mortgage to your name.


Finding assumable mortgage homes for sale requires a combination of research, networking, and assistance from real estate professionals. Working with a real estate agent, utilizing online platforms, networking within the industry, and reaching out directly to sellers are effective strategies for discovering these opportunities. However, it is important to verify the assumability of the mortgage and go through the necessary steps to complete the assumption process.


– Zillow:
– Redfin: