The Assumable Mortgage Secret That Saved One Buyer Thousands
Most homebuyers today are stuck with one of two bad choices:
- Accept a 30-year loan at 7% interest
- Pay tens of thousands of dollars to temporarily buy that rate down
But what if there was another option — one that could lock in a rate as low as 2.375%, even in 2025?
That’s exactly what happened when my client, Karl K, closed on his San Antonio home using a strategy almost no one is talking about:
👉 Assumable mortgages.
🔍 What Is an Assumable Mortgage?
An assumable mortgage allows a homebuyer to take over the seller’s current loan, including their interest rate, remaining term, and monthly payment structure.
If that loan was originated in 2019, 2020, or 2021, chances are the rate is somewhere between 2.25% and 4% — far below today’s market.
In Karl’s case, he assumed a VA loan with a 2.375% fixed rate. That decision didn’t just save him money on monthly payments — it will likely save him tens of thousands over the life of the loan.
❌ The Big Mistake Buyers Are Making Right Now
Many buyers are spending $20K–$40K on rate buydowns just to make today’s mortgage payments affordable. But here’s the harsh truth:
Those same funds could often secure an assumable mortgage at a much lower rate — and with a shorter remaining term.
Even worse? Many of the homes being sold right now already have assumable mortgages attached to them — but buyers don’t know to ask, and many agents don’t even know how to handle them.
That’s a huge missed opportunity.
✅ What Kinds of Loans Are Assumable?
If you’re a buyer — or a seller who bought a home between 2019 and 2022 — here’s what to look for:
- FHA loans (common among first-time buyers)
- VA loans (yes, even non-veterans can assume in many cases)
- USDA loans (rural/suburban homes often qualify)
These government-backed loans often come with better protections, lower fees, and yes — the opportunity to assume the original rate.
🧭 How I Help Buyers Find These Deals
I’ve created a system that combines:
- My Perfect Home Finder program for off-market inventory
- Targeted outreach to homeowners with assumable loans
- Step-by-step guidance through the FHA, VA, or USDA assumption process
If you’re trying to lower your monthly payment, skipping the assumption conversation could be your most expensive mistake.
📩 Want to See If You Qualify?
If you’re curious whether you could benefit from an assumable mortgage — or if you’re a seller sitting on one and didn’t even realize it — let’s talk.
📱 Call or text me: 210-260-6617
📊 Get a custom home value review: www.homevaluetx.net
🎥 Bonus: Watch Real Results on YouTube
See my breakdowns, success stories, and walkthroughs of actual HUD and assumable loan properties here:
🔗 @livinginnortheastsanantonio