Make smarter assumption decisions.
Assume & Buy™ helps buyers, sellers and Realtors understand FHA, VA and USDA mortgage assumptions. Before making an assumption offer, learn the requirements, identify potential obstacles, and consider whether an assumable mortgage may be the right strategy for your situation.
What is an assumable mortgage?
An assumable mortgage allows a qualified buyer to take over a seller's existing loan, including its remaining balance, term and interest rate, instead of getting a brand-new mortgage. Many FHA, VA and USDA loans may be assumable, but the lender or agency must review and approve the buyer. Whether an assumption makes sense depends on the buyer, the loan and the numbers.
Buyers
Understand qualification requirements and the cash needed before you write an offer.
Sellers
Learn what a buyer must show, how approval works, and what happens to your loan.
Realtors
Evaluate assumption offers with a clearer picture of qualification, timing and financing.
Many assumption deals fail before they close.
Most buyers and agents go into an assumption without the full picture. These are the three most common reasons transactions stall or fall apart.
Qualification not reviewed
The servicer must approve the buyer, so reviewing buyer qualifications early matters.
Equity gap not calculated
The gap between the price and the loan balance can require significant cash or other financing.
No financing strategy
Without a plan for the gap, a deal can stall late in the process.
Assumption Education™: know before you make or accept an offer.
A short, plain-language course (about 45 minutes) that walks you through how assumptions really work, so the three problems above get caught early instead of at the closing table. Finish the quiz and receive your Assumption Education™ Certificate.
- Lesson 1: What is an assumable mortgage?
- Lesson 2: The equity gap problem
- Lesson 3: How approval works
- Lesson 4: Common reasons assumptions fail
- Lesson 5: Preparing for your Readiness Review
- Quiz and Assumption Education™ Certificate
For buyers
Understand qualification, the equity gap and the cash needed before you write an offer on an assumable loan.
For Realtors
Ask better questions before a seller commits to an offer, and join our Realtor Partner Program.
Certificate on completion
Complete the course and quiz to earn your Assumption Education™ Certificate.
Educational only. The course does not provide legal, tax or financial advice and does not guarantee any outcome. Enrolling is not required to obtain a loan from us or any other lender, and you are free to choose any lender, Realtor or settlement service provider.
Where do you want to start?
Choose the path that fits you. Each one begins with a different first step.
I'm a buyer
Find out whether an assumption may fit your situation. Take the free assessment to see your Assumption Suitability Indicator™, then learn the process with Assumption Education™.
Check Your Assumption SuitabilityI'm a Realtor
Evaluate assumption offers with confidence. Join the Realtor Partner Program by completing Assumption Education™ and earning your Assumption Education Certificate™.
Become a Realtor PartnerStep 1 · Free
Check your assumption suitability
Seven quick questions give you an Assumption Suitability Score™ right away, plus your free pre-assumption guide.
Illustrative screening only. Not a loan approval or commitment to lend.
Step 2· Education
Assumption Education Certificate™
Before scheduling your Assumption Readiness Review™, complete the Assumption Education Course™. 45 minutes, 5 lessons, a quiz and your certificate.
Assumption Education Certificate™
Assume & Buy™Lesson 1: What is an assumable mortgage?
A qualified buyer takes over the seller's existing loan, rate and balance.
Lesson 2: The equity gap problem
The difference between the purchase price and the remaining mortgage balance.
Lesson 3: How approval works
What servicers and agencies review before approving an assumption.
Lesson 4: Common reasons assumptions fail
Qualification, equity gap and financing gaps that derail deals.
Lesson 5: Preparing for your Readiness Review
What to gather and what to expect. Then the quiz and your certificate.