In today's high interest rate market, UMe connects buyers with assumable mortgages, helping you lower payments an avoid high interest rates while securing your dream home.
Explore all listingsOur mission is to revolutionize the real estate experience through assumable mortgages, making homeownership affordable again.
We empower buyers, sellers, and real estate agents with the knowledge and resources to make informed decisions and achieve their homeownership goals. Transparency, efficiency, and education are the cornerstones of our success.
By connecting all players in the real estate market in one convenient place, we simplify the assumable home buying and selling journey.
An assumable mortgage allows you to take over the seller's existing loan, including its current interest rate and terms. This can lead to substantial savings, particularly in a high-interest rate market. UMe's expertise in assumable mortgages ensures you navigate this process seamlessly, securing the best deal possible.
If the current mortgage rate is lower than current market rates, assuming the mortgage allows the buyer to inherit this lower rate, resulting in lower monthly payments and overall interest costs.
Assumable mortgages often have lower closing costs compared to taking out a new mortgage, as there's often no need for a new appraisal, loan origination points or fees, or other associated costs.
Assuming a mortgage can be easier than qualifying for a new mortgage, especially for buyers who might not meet today's stricter lending criteria or have less-than-perfect credit.
For sellers, having an assumable mortgage can make their property more attractive to potential buyers. This increased pool of qualified buyers can lead to a quicker and more profitable sale.
Buying with Berkshire Hathaway HomeServices California Realty is simple and stress-free. Search and secure your dream home in a few easy steps.
FHA and VA Assumable Mortgages
Both FHA and VA loans are assumable under most conditions. FHA loans are attractive for their lower rates and flexible eligibility, while assumable VA loans offer competitive rates - and you don't need to be a veteran to assume one! When considering an assumable mortgage, it is essential to understand the specific conditions and requirements for the assumption process of each loan type and that is where we come in.
Step 1
Find eligible homes with rates well below current market rates. Discover homes eligible for assumption with rates well below current market standards. Start finding your dream home today!
Step 2
Get pre-screened quickly with built-in low rates and payments that fit your budget. Our experts guide you through the process of assuming a mortgage seamlessly.
Step 3
We take care of working with your agent, the loan servicer, and the sellers.. so you don't have to.
Step 4
Congratulations on your new home! Enjoy the benefits of obtaining a low rate with us.
When you buy with UMe, you don't have any new mortgage loan costs...because there isn't a new loan. Many mortgage lenders charge 1-2% in fees. You've already saved thousands!
Most UMe clients can expect to save between $500 and $1,800 per month. That equates to $6,000 to $21,600 per year...every year!
None. Buyers Win. Sellers Win.
It's the only true win-win we've seen in the industry since assumptions in the 80's.
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