If you’ve been staring down today’s mortgage rates like they just keyed your car, you’re not alone. With rates hovering around 7%, a lot of would-be homebuyers are understandably stuck in neutral. But there’s a little-known way to legally sidestep those high rates—and it’s hiding in plain sight.

Let’s talk about assumable loans.

An assumable mortgage lets a buyer take over the seller’s existing loan—interest rate and all. So if the seller locked in a 2.75% FHA loan back in 2021, and you're buying that home now, you could potentially step into that low-rate loan instead of taking out a brand new one at today’s market rates.

Sound too good to be true? Let’s run the math.

Loan Amount: $350,000
2021 FHA Rate (2.75%): ~$1,430/month
2024 Conventional Rate (6.75%): ~$2,270/month

That’s over $800 a month in savings. Every single month. For the life of the loan. Do the math over 30 years and you’re looking at six-figure savings just for knowing what to ask.

So, why aren’t more agents talking about this?

Because it takes work. Assumptions involve paperwork, lender communication, and a bit of extra finesse. But if you’re serious about saving money, this strategy can be a game-changer.

Here’s what you need to know:

• Most FHA, VA, and USDA loans are assumable.

• You must still qualify for the loan under its original terms—credit, income, and so on.

• You’ll need the seller’s agreement.

• You may have to pay the difference between the sale price and the remaining loan balance out of pocket, or with a second loan.

Even with those caveats, it’s worth exploring—especially in a market where affordability is top of mind.

If you’re house hunting in New Hampshire and want to explore this option, reach out to the Keeler Family team. We can help you:

• Identify properties that have assumable FHA, VA, or USDA loans

• Connect with lenders who understand the assumption process

• Build a strategy that actually saves you money, not just promises to

Bottom line: In today’s market, assumable loans are one of the smartest (and most underused) tools available to buyers. They’re not right for everyone—but if they’re right for you, they can save you a fortune.

Want to see which homes might qualify? Reach out anytime.
We’re here to help. 603 225 3353