Assumable Mortgage Homes for Sale in Richmond, Virginia (VA)
Search active homes in Richmond, VA with low-rate assumable FHA, VA, and USDA loans (2.25%–4.25%). Use our interactive equity gap and 2nd-loan calculator to slide your down payment, estimate local property taxes (Richmond Area · 0.82%/yr), and get quotes from lenders serving Richmond.
Shopping for a Sub-4% Home in Richmond, VA?
Compare FHA/VA assumption pre-approval, 2nd-position equity gap financing, and daily alerts for newly listed sub-4% homes in Richmond, VA.
Assumable Mortgage Scenarios in Richmond & Virginia
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VA 3.75% AssumableSave -$6,696/mo
VA 2.85% AssumableSave -$7,451/mo
VA 2.75% AssumableSave -$4,441/mo
VA 3.75% AssumableSave -$5,900/mo
USDA 2.75% AssumableSave -$4,660/moFrequently Asked Questions: Assumable Loans in Richmond, VA
Which loans are assumable in Richmond, VA?
All government-insured FHA, VA, and USDA residential mortgages in Richmondare assumable under federal guidelines, allowing a qualified buyer to take over the seller's interest rate and remaining loan balance.
How do Richmond buyers finance the equity gap?
If a home in Richmond is listed at $475,000 with a $315,000 assumable balance, the equity gap is $160,000. You can either bring cash or pair the 1st mortgage with a 2nd-position loan from participating Richmond lenders so you only bring 5%–10% down.