Buying Homes with Assumable Mortgages and LOW Interest Rates
You don’t have to wait for interest rates to get lower in order to buy a home now!
If you are looking for a primary residence, 2nd home or investment property, and don’t want to pay high interest rates, here is an option you can use to purchase a home.
Under federal law, FHA and VA loans are assumable. Homes with FHA loans must be owner occupied and VA loans can be owner occupied, a second home or an investment property. This is not something you want to miss out on!
I sold a beautiful 5-bedroom home, 3,075 square feet in Glendale, built in 2017, in a gated community close to Westgate. It was sold with the mortgage at 2.75% interest with a monthly payment of around $1,500 PITI.
