Can You Really Assume a Mortgage?

In this episode of The Brutally Honest Loan Officers Podcast, Stephen Brock and Derick Brown pull back the curtain on assumable mortgage loans. With today’s higher interest rates, many buyers wonder if they can simply take over the seller’s loan — and sometimes, the answer is yes. We break down: Which loans are actually assumable (hint: FHA, VA, USDA… but not conventional). The real benefits — like inheriting a 2% or 3% rate and saving on closing costs. The roadblocks that can kill the deal, from big equity gaps to VA entitlement issues. Why the process can drag out longer than expected. If you’re a buyer hoping to score a lower rate or an agent with a listing that needs an edge, understanding mortgage assumptions could be a game-changer.