Assumable Mortgage

A mortgage that can be transferred from a seller to a buyer. The buyer then takes over payment of an existing loan.

There are fewer assumable mortgage options in the marketplace today than there were a decade ago. Most conventional mortgages are not assumable.  Government loans (FHA and VA) are assumable with a qualifying provision.
SAVECANCEL Saving changes
  •   Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
  • Last edited April 23 2007
Contributors to this article include:

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Pages That Link Here
Zillow Mobile
Download the #1 Real Estate app