Helping Buyers, Sellers & Relocating Families
Maximize Benefits with Assumable Mortgages
Seize the Advantage of Assumable Loans! 📷
Did you know that FHA, VA and USDA mortgages are all assumable by law...FHA and VA are the most common and provide incredible benefits to both buyers and sellers. These would be done as a novation assumption, the seller is released of all liability immediately.- If it is a VA loan, the buyer does not need to be VA. The VA seller in this scenario cannot get a new property with their VA certificate since the original was sold to a non-VA buyer. Many VA sellers don't need their VA certificate to get their next home...so this is not an issue AND you can market to find VA buyers to assume a VA loan and both win!- No closing costs, no appraisal, no down payment BUT they have to put down the difference in the mortgage value to the equity they have. For example, if mortgage is $300K left but they have $80K in equity, the buyer does have to bring the $80K difference so the seller still makes money on their home. So, the buyer is paying the sellers equity instead of a down payment!
For Sellers: Say goodbye to the hassle of traditional home selling! With a novation assumption, sellers are immediately released from all liability. Plus, attract more buyers by offering a no-closing-cost, no-appraisal, and no-down-payment option.
For Buyers: Imagine stepping into your dream home without the typical upfront costs! With an assumable mortgage, you skip the closing costs and appraisal fees. Instead of a down payment, you only need to cover the difference between the mortgage value and the equity—making homeownership more accessible than ever.
Win-Win Scenario: VA sellers, you can still benefit even if your next property isn't VA eligible. By finding VA buyers to assume your loan, both parties win!
Don't miss out on this win-win opportunity. Whether you're selling or buying, assumable mortgages are the game-changer you've been waiting for. Reach out today to learn more! 
#AssumableMortgages #RealEstateOpportunity
For more information, contact me at
Phil Holliday
Preferred Real Estate Brokers
702-525-7655
Doc@PhilHolliday-Realtor.com
PhilHolliday-Realtor.com
Philip.ViewHousesinFlorida.com
File coming soon.