{"id":328076,"date":"2024-11-13T08:39:12","date_gmt":"2024-11-13T13:39:12","guid":{"rendered":"https:\/\/www.houzeo.com\/blog\/?p=328076"},"modified":"2025-08-05T00:48:30","modified_gmt":"2025-08-05T04:48:30","slug":"assumable-mortgage","status":"publish","type":"post","link":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/","title":{"rendered":"Assumable Mortgage: What It Is and How to Qualify For It"},"content":{"rendered":"\n<p>Roger and Amber realized early that they couldn&#8217;t afford a mortgage loan at the current interest rate of <a href=\"https:\/\/www.freddiemac.com\/pmms\/docs\/historicalweeklydata.xlsx\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">7.6%<\/a>. So, they inquired if their seller&#8217;s <a href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-mortgage\/\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage<\/a> was assumable. They found out that it was and assumed the existing mortgage at an interest rate of 3.5%. <\/p>\n\n\n\n<p>A mortgage is assumed when a <a href=\"https:\/\/www.houzeo.com\/blog\/how-to-buy-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">buyer<\/a> &#8220;assumes&#8221; a seller&#8217;s mortgage. This blog will help you understand what an assumable mortgage is. Its benefits, and how to qualify for one.<\/p>\n\n\n\n<div class=\"block-takeaways\" style=\"margin-top:20px !important\"><p class=\"topHead\"><\/p><p class=\"headKeytake\"><b> ASSUMABLE MORTGAGE- AN OVERVIEW\n<\/b><\/p>\n<ul><li>Assuming an existing mortgage is an attractive option for buyers as its terms are more favorable than a contemporary mortgage.  <\/li>\n<li> To assume a mortgage, the buyer must meet the lender&#8217;s qualification criteria, make the downpayment and draft a &#8220;assumption deed&#8221;. <\/li>\n<li> There are costs associated with assumable mortgage, such as assumption fees and appraisal fees.<\/li>\n\n<\/ul> \n<\/div>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"what\"><strong>What Is an Assumable Mortgage?<\/strong><\/h2>\n\n\n\n<p class=\"margin-below-28\">An assumable mortgage is a type of mortgage that allows a buyer to take over the existing mortgage. The buyer accepts the rate, the outstanding principal balance, the <a href=\"https:\/\/www.houzeo.com\/blog\/mortgage-amortization\/\" target=\"_blank\" rel=\"noreferrer noopener\">repayment schedule<\/a>, and other conditions.<\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"work\"><strong>How Does an Assumable Mortgage Work?<\/strong><\/h2>\n\n\n\n<p>The process of assuming a mortgage is different from the normal mortgage loan process. Here&#8217;s how it typically works:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Identify an Assumable Mortgage:<\/strong> Confirm with the seller or <a href=\"https:\/\/www.houzeo.com\/blog\/best-mortgage-lenders\/\" target=\"_blank\" rel=\"noreferrer noopener\">lender<\/a> whether the option to assume the mortgage is available, as not all mortgages offer this option.<\/li><li><strong>Qualification and Approval:<\/strong> The buyer will need to meet the lender&#8217;s qualification criteria to assume the mortgage. This includes factors such as creditworthiness, income verification, and fulfilling any other requirements set by the lender.<\/li><li><strong>Assumption Agreement:<\/strong> Both the assuming party and the original borrower will need to execute an assumption agreement. This agreement outlines the terms of the assumption, including the assuming party&#8217;s responsibility for repayment set by the lender.<\/li><li><strong>Closing Process:<\/strong> The assumption is finalized and the assuming party pays the seller&#8217;s agreed-upon price for the property. The lender then will transfer the mortgage to the assuming party.<\/li><\/ul>\n\n\n\n<p>Moreover, the assuming party overtakes the additional mortgage-linked payments. Payments such as <a href=\"https:\/\/www.houzeo.com\/blog\/what-is-escrow\/\" target=\"_blank\" rel=\"noreferrer noopener\">escrow <\/a>amounts for property taxes and insurance.<\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"which\"><strong>Which Mortgages are Assumable?<\/strong><\/h2>\n\n\n\n<p>Though assumable mortgages are rare nowadays, they still exist in specific loan programs. Here are some common types of mortgages that are assumable:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>FHA Loans:<\/strong> <a href=\"https:\/\/www.houzeo.com\/blog\/fha-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">FHA loans<\/a> are assumable under certain conditions. The buyer needs to have a credit score of more than 580 and a <a href=\"https:\/\/www.houzeo.com\/blog\/debt-to-income-ratio\/\" target=\"_blank\" rel=\"noreferrer noopener\">DTI<\/a> ratio of less than 42%. <\/li><li><strong>VA Loans:<\/strong> All <a href=\"https:\/\/www.houzeo.com\/blog\/what-is-va-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">VA loans<\/a> committed after March 1, 1988 are assumable. <\/li><li><strong>USDA Loans:<\/strong> To assume a <a href=\"https:\/\/www.houzeo.com\/blog\/usda-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">USDA loan<\/a>, you must have a stable income and <a href=\"https:\/\/www.houzeo.com\/blog\/what-credit-score-is-needed-to-buy-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit score<\/a> of more than 620. <\/li><\/ul>\n\n\n\n<p>It&#8217;s important to note that even if a mortgage is assumable, the assumption is subject to lender approval.<\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"qualifications\"><strong>How to Qualify for an Assumable Mortgage?<\/strong><\/h2>\n\n\n\n<p>Qualifying for an assumable mortgage loan involves several steps. Here&#8217;s a stepwise guide:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Verify Assumability: <\/strong>Confirm that the mortgage loan is assumable. Not all mortgages offer this option, so it&#8217;s essential to review the loan terms to determine if an assumption is allowed.<\/li><li><strong>Meet Lender Requirements: <\/strong>The buyer must meet the lender&#8217;s qualification criteria. This includes creditworthiness, income verification, employment history, and debt-to-income ratio. Additionally, the lender may require a credit check and financial documentation to assess the buyer&#8217;s ability to repay the loan.<\/li><li><strong>Make<\/strong> <strong>Down Payment: <\/strong>Depending on the lender&#8217;s requirements, the buyer may need to provide a <a href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-down-payment\/\" target=\"_blank\" rel=\"noreferrer noopener\">down payment<\/a> for the property purchase. This amount is determined by the lender and will vary based on the <a href=\"https:\/\/www.houzeo.com\/blog\/loan-to-value-ratio\/#:~:text=Loan%2Dto%2DValue%20(LTV)%20Ratio%3A%20The%20LTV,purchase%20price%20of%20the%20property.\" target=\"_blank\" rel=\"noreferrer noopener\">loan-to-value ratio<\/a>.<\/li><li><strong>Sign the<\/strong> <strong>Assumption Agreement:<\/strong> Both the assuming party and the original borrower will need to sign an assumption agreement. The lender or a <a href=\"https:\/\/www.houzeo.com\/blog\/real-estate-attorney\/\" target=\"_blank\" rel=\"noreferrer noopener\">real estate attorney<\/a> prepares the assumption agreement.<\/li><\/ul>\n\n\n\n<p>Remember, before proceeding with the above steps, the lender&#8217;s consent is vital. The assuming party must submit an application to the lender and await their approval. <\/p>\n\n\n\n<div class=\"wp-block-houzeo-grey-text blue-box-content-list\">\ud83c\udfe1 <strong>Ready to Get an Assumable Mortgage?<\/strong><br\/>Try <a href=\"https:\/\/www.houzeo.com\/mortgage-calculator\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>America&#8217;s Mortgage Calculator<\/strong><\/a> to see how much you can afford with an assumable mortgage. It gives you a quick breakdown of costs, including insurance and taxes.\ud83d\udcb2<\/div>\n\n\n\n<h2 class=\"margin-top-15 wp-block-heading\"><strong><strong>Find Homes for Sale Under Your Specific Budget<\/strong><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-100k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$100K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-150k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$150K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-200k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$200K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-250k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$250K<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-300k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$300K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-350k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$350K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-400k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$400K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-450k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$450K<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-500k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$500K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-600k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$600K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-650k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$650K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-700k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$700K<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-800k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$800K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-850k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$850K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-900k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$900K<\/strong><\/a><\/td><td><a href=\"https:\/\/www.houzeo.com\/homes-for-sale\/homes-for-sale-under-950k\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Homes For Sale under<br>$950K<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"costly\"><strong>How Costly is it to Assume a Mortgage?<\/strong><\/h2>\n\n\n\n<p>The cost associated with assuming a mortgage can vary depending on various factors. Cost of terms of the existing mortgage, lender requirements, and specific circumstances. <\/p>\n\n\n\n<p>Here are some potential costs to consider when assuming a mortgage:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Assumption Fee:<\/strong> Some lenders may charge an assumption fee to process the transfer of the mortgage. This fee can vary and is typically paid by the assuming party. It is important to check with the lender to understand if an assumption fee applies and its amount.<\/li><li><strong>Closing Costs:<\/strong> Assuming a mortgage can potentially save on certain <a href=\"https:\/\/www.houzeo.com\/closing-cost-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">closing costs<\/a>, there still will be some expenses involved. These can include title search fees, attorney fees, recording fees, and other associated costs. The specific closing costs will depend on the location and the complexity of the transaction.<\/li><li><strong>Appraisal or Inspection Fees:<\/strong> In some cases, the lender may require an <a href=\"https:\/\/www.houzeo.com\/blog\/home-appraisal\/\" target=\"_blank\" rel=\"noreferrer noopener\">appraisal<\/a> to determine the <a href=\"https:\/\/www.houzeo.com\/blog\/what-is-fair-market-value-and-how-to-find-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">current market value<\/a> of the property. The buyer may bear the cost of these assessments.<\/li><\/ul>\n\n\n\n<p>Though an assumable mortgage has some costs linked with it, its benefits outweigh these expenses. <\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"pro\"><strong>Pros and Cons of Assumable Mortgages<\/strong><\/h2>\n\n\n\n<h4 class=\"margin-top-15 wp-block-heading\"><strong>Pros<\/strong>\u2705<\/h4>\n\n\n\n<ol class=\"margin-top-15 wp-block-list\"><li><strong>Potentially Favorable Terms:<\/strong> Assumable mortgages are advantageous for the buyer as the existing mortgage has more favorable terms. This includes low-interest rates, longer repayment periods, or any other unique feature.<\/li><li><strong>Lower Closing Costs:<\/strong> Assuming an existing mortgage can save on certain closing costs, such as loan <a href=\"https:\/\/www.houzeo.com\/blog\/mortgage-origination-fee\/\" target=\"_blank\" rel=\"noreferrer noopener\">origination fees<\/a>, appraisal fees, and <a href=\"https:\/\/www.houzeo.com\/blog\/what-is-title-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">title insurance<\/a> fees. This is beneficial for the buyer, as they can avoid paying these expenses associated with obtaining a new mortgage.<\/li><li><strong>Easier Qualification:<\/strong> Assumable mortgages provide an easier qualification process for the buyer. The buyer can skip the entire loan application process and undergo a separate credit evaluation if they meet the lender&#8217;s requirements. <\/li><\/ol>\n\n\n\n<h4 class=\"margin-top-15 wp-block-heading\"><strong>Cons<\/strong>\u274c<\/h4>\n\n\n\n<ol class=\"margin-top-15 wp-block-list\"><li><strong>Limited Availability:<\/strong> Assumable mortgages are less common today than in the past. It may be challenging to find a property with an assumable mortgage that meets your specific needs and preferences.<\/li><li><strong>Qualification and Approval Process:<\/strong> Although assuming a mortgage can be easier in terms of qualification, the assuming party still needs to meet the lender&#8217;s criteria. This includes demonstrating a <a href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-good-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">good credit score<\/a>, income verification, and fulfilling any other requirements set by the lender.<\/li><li><strong>Seller Liability:<\/strong> In some cases, the original borrower may remain partially liable for the mortgage even after the assumption. If the assuming party defaults on the loan, the seller may still be held responsible. This potential liability may deter some sellers from offering assumable mortgages.<\/li><\/ol>\n\n\n\n<p>Additionally, assuming a mortgage means accepting the existing terms and conditions. Buyers may have limited negotiating scope including <a href=\"https:\/\/www.houzeo.com\/blog\/mortgage-interest-rates-forecast\/\" target=\"_blank\" rel=\"noreferrer noopener\">interest rates<\/a> or repayment terms.<\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"bottom\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>An assumable mortgage is the easiest way to get rid of the new loan application process. However, it is crucial to carefully evaluate its terms and conditions. <\/p>\n\n\n\n<p>Make sure you thoroughly analyze its financial implications and seek professional advice from lenders or mortgage professionals. <\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\"><strong>Find Your New Home With Houzeo<\/strong><\/h2>\n\n\n\n<p>With thousands of property listings, Houzeo.com is one of the biggest property listing sites in the US. Find condos, townhouses, co-ops, and other types of <a href=\"https:\/\/www.houzeo.com\/homes-for-sale\" target=\"_blank\" rel=\"noreferrer noopener\">homes for sale<\/a> on Houzeo.<strong>\u00bb<\/strong><\/p>\n\n\n\n<p class=\"margin-top-15\"><strong>\u00bb Need More Clarity?&nbsp;<\/strong>Read these exclusive&nbsp;<a href=\"https:\/\/www.realestatequeen.com\/houzeo-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Houzeo reviews<\/a>&nbsp;and learn why the platform is the best in America\u2019s competitive housing market.<\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"faqs\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\t\t<div class=\"wp-faq-schema-wrap wp-faq-schema-accordion\">\n\t\t\t\t\t\t<div class=\"wp-faq-schema-items\">\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tAre assumable mortgages still available?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>Yes, most government-backed loans, including all <a href=\"https:\/\/www.houzeo.com\/blog\/fha-loans\/\" target=\"_blank\">FHA loans<\/a>, are generally assumable, as long as the lender permits the sale.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tHow do I know if I can assume a mortgage?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>To know whether your mortgage is assumable, <a href=\"#work\">search<\/a> for an assumption clause in your mortgage agreement. <\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tAre most mortgages assumable?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>Most mortgages aren't assumable. Typically, only <a href=\"#which\">government-backed loans<\/a> are assumable.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tDoes an assumable mortgage benefit the seller?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>Yes, an assumable mortgage is beneficial for the seller too. An assumable mortgage makes the property more marketable if the interest rates have risen in recent times. Therefore, resulting in fewer days on the market for the property. <\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<div class=\"new-excerpt\"><p class=\"small-desc\">Roger and Amber realized early that they couldn&#8217;t afford a mortgage loan at the current interest rate of 7.6%. So, they inquired if their seller&#8217;s mortgage was assumable. They found out that it was...<\/p><\/div><div class=\"reading_date\"><span class=\"readtime\">7 mins read<\/span><span class=\"date\">Nov 13, 2024<\/span><\/div>","protected":false},"author":102,"featured_media":428112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46225,46240],"tags":[],"class_list":["post-328076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer","category-mortgage-terms"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Assumable Mortgage: What It Is and How to Qualify For It<\/title>\n<meta name=\"description\" content=\"An assumable mortgage allows a buyer to take over the existing home loan and their terms and conditions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Assumable Mortgage: What It Is and How to Qualify For It\" \/>\n<meta property=\"og:description\" content=\"An assumable mortgage allows a buyer to take over the existing home loan and their terms and conditions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/\" \/>\n<meta property=\"og:site_name\" content=\"Houzeo Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-13T13:39:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-05T04:48:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/07\/Assumable-mortgage.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"810\" \/>\n\t<meta property=\"og:image:height\" content=\"435\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Bhagyesh Behere\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhagyesh Behere\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Assumable Mortgage: What It Is and How to Qualify For It","description":"An assumable mortgage allows a buyer to take over the existing home loan and their terms and conditions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/","og_locale":"en_US","og_type":"article","og_title":"Assumable Mortgage: What It Is and How to Qualify For It","og_description":"An assumable mortgage allows a buyer to take over the existing home loan and their terms and conditions.","og_url":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/","og_site_name":"Houzeo Blog","article_published_time":"2024-11-13T13:39:12+00:00","article_modified_time":"2025-08-05T04:48:30+00:00","og_image":[{"width":810,"height":435,"url":"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/07\/Assumable-mortgage.webp","type":"image\/webp"}],"author":"Bhagyesh Behere","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhagyesh Behere","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/","url":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/","name":"Assumable Mortgage: What It Is and How to Qualify For It","isPartOf":{"@id":"https:\/\/www.houzeo.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/#primaryimage"},"image":{"@id":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/#primaryimage"},"thumbnailUrl":"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/07\/Assumable-mortgage.webp","datePublished":"2024-11-13T13:39:12+00:00","dateModified":"2025-08-05T04:48:30+00:00","description":"An assumable mortgage allows a buyer to take over the existing home loan and their terms and conditions.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.houzeo.com\/blog\/assumable-mortgage\/#primaryimage","url":"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/07\/Assumable-mortgage.webp","contentUrl":"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/07\/Assumable-mortgage.webp","width":810,"height":435,"caption":"Assumable mortgage"},{"@type":"WebSite","@id":"https:\/\/www.houzeo.com\/blog\/#website","url":"https:\/\/www.houzeo.com\/blog\/","name":"Houzeo Blog","description":"","publisher":{"@id":"https:\/\/www.houzeo.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.houzeo.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.houzeo.com\/blog\/#organization","name":"Houzeo","url":"https:\/\/www.houzeo.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.houzeo.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2020\/07\/new-logo.png","contentUrl":"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2020\/07\/new-logo.png","width":190,"height":55,"caption":"Houzeo"},"image":{"@id":"https:\/\/www.houzeo.com\/blog\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/posts\/328076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/comments?post=328076"}],"version-history":[{"count":130,"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/posts\/328076\/revisions"}],"predecessor-version":[{"id":808765,"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/posts\/328076\/revisions\/808765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/media\/428112"}],"wp:attachment":[{"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/media?parent=328076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/categories?post=328076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.houzeo.com\/blog\/wp-json\/wp\/v2\/tags?post=328076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}