How can I buy a house with a 2.5% to 3.9% mortgage rate instead of 7%?

Thousands of homes for sale across the U.S. that were purchased or refinanced between 2019 and 2022 have government-backed FHA, VA, or USDA loans. Under federal guidelines, these loans are legally assumable—meaning a credit-qualified homebuyer can take over the seller's exact sub-4% interest rate and remaining loan balance instead of getting a new 7% mortgage.

Do you have to be a veteran to assume a low-rate mortgage?

No. Any credit-qualified homebuyer can assume an FHA, USDA, or VA mortgage. You do not need military service to qualify for an assumable loan.

How much money per month does taking over a seller's low rate save?

On a typical $450,000 home, taking over a 2.75% loan instead of originating a 7.0% loan saves roughly $1,200 to $1,500 every month on principal and interest—or over $400,000 across the life of the mortgage.

Is RateTakeover.com legitimate and how are assumable listings verified?

Yes. RateTakeover.com is an independent U.S. mortgage analytics platform operated by Strobeck Media. It is 100% free to search listings across all 50 states and calculate equity gap payments. Listings are cross-referenced with recorded county mortgage deeds, Freddie Mac PMMS historical interest rates, and federal HUD (FHA), VA, and USDA loan assumption guidelines, with secure payment processing provided by Stripe.

2.85% FHA Assumable Home

10,669 Assumable Homes

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1 / 30

2.88% FHA

10947 SW ANNAND HILL CT, Tigard, OR 97224

$585,000

SAVE $1,886/MO

P&I: $1,729/mo · Equity Gap: $168k4 beds | 2.5 baths | 1,884 sqft

Assumable Balance: $416,800

Select Any Home on the Left to Model Its Assumable Loan

Click any property card from the list (or select a pin on the map) to view all photos, calculate your monthly payment savings vs. a 7% loan, and customize your down payment & equity gap.