Assumable Mortgages Unlock Lower Rates For Buyers

Assume List and industry reporting say about 6 million U.S. homes have assumable mortgages below 5%, allowing buyers to take on existing low-rate loans. Government-backed VA and FHA loans are typically assumable, but transfers can take months, involve servicer fees, and require large down payments to cover price appreciation. The process could ease housing turnover but remains limited by servicer incentives and cash barriers.