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Home Buyers & Mortgage Loan Assumptions
Thanks for visiting us here at Assumption Solutions. Our goal is to help home buyers purchase a home by completing a mortgage loan assumption of the existing mortgage at a lower rate and lower payment than is currently available in the new mortgage market.
Mortgage Loan Assumption steps For Buyers
Step 1
Step 1
Step 1
Identify a home with an existing assumable mortgage. Most commonly this home will have an FHA, VA, or USDA guaranteed mortgage. An interest rate below current market interest rates is ideal.
Step 2
Step 1
Step 1
Pre-qualify with the Assumption Solutions team to determine if you meet common mortgage loan assumption requirements .
Step 3
Step 1
Step 3
The buyer and seller must both engage the Assumption Solutions team and provide all the required documents necessary to process the loan assumption.
Step 4
Share the big news
Step 3
Once the mortgage loan assumption is approved by the existing mortgage holder, closing can take place between the buyer and seller. A buyer processing fee of $550 will be collected. The first $50 is paid at engagement and remaining $500 paid at approval.
Share the big news
Share the big news
Share the big news
You're now a homeowner! Likely at a much lower interest rate and monthly payment that would be available in the current market. Let us know if we can help you friends or family as well.
Start the process
Share the big news
Share the big news
Start your loan assumption file and upload documents required for assumption pre-qualification and final approval.