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Rainmaker
4,330,225
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Since most people are sitting on non-assumable loans these days, I don't see how that will happen any time soon. And I believe that VA loans are assumable in any event for a qualifying person. I also don't think that after the crash during the Great Recession that home sellers would really want to take on the liability of letting someone assume their loan.

May 08, 2022 04:55 AM
Rainmaker
1,748,138
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

That is a great question! They should become a selling feature if the lender would cooperate. But will they?

They rolled out the 40 yr loans a few weeks ago.

May 08, 2022 06:10 AM
Rainmaker
975,927
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have never done a deal with an assumable loan involved in over 20 years in business.

May 08, 2022 10:52 AM
Ambassador
3,350,346
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

i remember those assumable FHA loans in particular.  That's what we looked for  in certain instances back in the late 80's.  Anything under 10% was a good thing - buy it.  I bought a couple of homes that were assumable. With that said I highly doubt they'll be bought back into the picture. 

May 08, 2022 10:09 AM
Rainmaker
1,412,784
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I do not see them as becoming popular.

May 08, 2022 09:51 AM
Ambassador
2,594,193
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 In time, yes.  

May 08, 2022 06:36 AM
Rainmaker
4,410,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It may happen but in most cases unlikely due to the amount of downpayment needed. And, most sellers won't want the liability. As long as interest Raes stay below 8% really no need.

May 08, 2022 04:38 AM
Rainmaker
783,870
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I have heard we're going to see more ARMS, especially for those who know they'll only be in the house for 5 years. I do think it is possible to see some assumable loans. It just all depends on how much equity one has in their house. It also depends on the product and how it affects the owner should the buyer assuming defaults. A good percentage of Realtors have never done anything with assumable loans and may not think about it.

May 08, 2022 04:29 AM
Rainmaker
923,288
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I know VA is assumable but I did not know FHA/USDA were. Caroline Gerardo ?

May 08, 2022 08:35 AM
Ambassador
3,118,712
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

That is not something I have put any thought into. My approach to all that we are experiencing during these times is that "it is what it is". 

I focus on the things I have control over. 

May 08, 2022 08:01 AM
Rainmaker
2,668,483
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anything goes as we keep going. Opportunists never sleep nor does opportunities. I am reminded of clothes. shoes, foods, medicine and the like who come and go over the decades. The root, in the word "consume" as in consumer is a very powerful force. Vogue comes and goes plus it resets too

May 08, 2022 05:59 AM
Ambassador
2,715,974
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Might be, could be. Depends on how high the rates continue to climb...and whether lenders will allow.

May 08, 2022 02:28 PM
Rainmaker
5,157,797
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In all my years, have never done an assumption, but think as the rates rise, we sure will.

May 08, 2022 06:17 AM
Ambassador
3,059,458
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

depends on what prices do in the next two years and if we have REO properties again, but they certainly could.

May 09, 2022 05:29 PM
Ambassador
996,270
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MT, NC, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Nope.  People still need to qualify, and to assume you need to go directly through the lender.  With low down payment options like FHA & VA, someone still has to pay the difference between the loan amount and purchase price.  And while FHA may have a lower rate, all the loans recently originated stick customers with PMI, offsetting a lot of the benefit of a lower rate.

May 09, 2022 04:24 PM
Ambassador
5,605,370
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I doubt that interest rates will get that high again.

May 08, 2022 03:34 PM
Rainmaker
675,630
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I can't see any lender allowing any assumable loans again.  They are too smart for that.

May 12, 2022 10:52 AM