Your Mortgage May Be Part of What You're Selling
Sellers traditionally market:
- Kitchen
- Pool
- View
- Lot
- Upgrades
But in some markets:
The existing mortgage can be another selling feature.
Example
Illustration only
Two comparable homes: both $600,000.
One requires new financing.
The other has a substantial assumable balance at a materially lower rate.
For the right buyer, those aren't economically identical homes.
Gather Information Before Listing
Lisa can help determine what information should be appropriately verified, such as:
- Loan type
- Approximate balance
- Rate
- Servicer
- Potential assumability
Never publish private account numbers or sensitive financial documents.
VA Sellers Need Extra Care
A veteran seller should understand both:
- Release of liability
- VA entitlement
before deciding which assumption offer makes sense.
Use Assumption as Marketing, Not a Promise
Correct
Potential assumable VA financing; buyer and assumption subject to servicer/VA approval.
Incorrect
Guaranteed 2.75% loan for anyone who buys this house!
How Lisa Helps
Lisa can market the home itself and the legitimate financing opportunity, exposing the property to buyers specifically searching for assumable loans.
Have an FHA or VA mortgage with a great rate?
Tell Lisa before your home goes on the market. That loan may be one of the strongest marketing features you have.
Assumption availability, buyer qualification and release terms are determined by the servicer and applicable program (FHA or VA) guidance. Lisa never promises approval; she positions the opportunity accurately.
