Home Buying in 56301>Question Details

Gavin Ramsde…, Other/Just Looking in Outside U.S.

Where can you find homes where you can assume a mortgage?

Asked by Gavin Ramsdell, Outside U.S. Mon Dec 5, 2011

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3
Gavin,
Assumptions were once common place but these days they are few and far between. Your best bet would be to have an agent in the area you want to purchase in see if they have a search filter for that. I do in NWMLS, but a quick check didn't find any currently active properties showing this option. There have been some sold, expressing the possibility of an assumption, but I don't know how many actually used it.
1 vote Thank Flag Link Mon Dec 5, 2011
I have great options for financing, and am in Hutchinson, just South of Saint Cloud. Let me know if I can help you into your next home.
0 votes Thank Flag Link Thu Dec 8, 2011
I agree with Dan,
But also; you probably do not want to ASSUME when the interest rates are where they are; if the Seller wants to get rid of it, it is probably in the 6-7% range.

Good luck and may God bless
0 votes Thank Flag Link Mon Dec 5, 2011
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