Excellent info! I did a search for Idaho (the whole state) and there were 70! Searched Walla Walla, WA, only 1.
@JasonWalter13 ай бұрын
Oh wow! Thank you very much for searching and for sharing! Anyone else look in their area?
@Chew52193 ай бұрын
Low interest fixed debt is the asset.
@JasonWalter13 ай бұрын
Yep!
@renelopez22443 ай бұрын
Jason and the Energizer Bunny. They keep going and going.... Fantastic information
@JasonWalter13 ай бұрын
Thank you, Rene! I appreciate you.
@harshivamatcha3114Ай бұрын
Excellent info, thank you for explaining!
@JasonWalter1Ай бұрын
Glad it was helpful!
@veronicallamas93333 ай бұрын
I’m so happy we qualify for a va loan plus we just sold our house so I’ll check it again. I searched previously with not much success. I don’t think many sellers even know about this option because we ourselves could have offered it when we sold our home but didn’t know about it.
@JasonWalter13 ай бұрын
I also believe many agents and homeowners aren't aware of this either. That's one of the reasons I made the video :)
@veronicallamas93333 ай бұрын
@@JasonWalter1 appreciate you and thank you!
@civicsport702Ай бұрын
Love this info, but trying to find a way to come up with the cash difference 😁
@JamYezzle3 ай бұрын
For VA loans, Veterans or service members do not pay PNI. Thanks for all you do.
@sheepman62913 ай бұрын
This video is gold. My wife and I loved it. Thank you.
@JasonWalter13 ай бұрын
Glad to hear it! Thank you!
@theonerealestatesecret2 ай бұрын
Found several looking around.
@natalya73563 ай бұрын
Very informative!
@JasonWalter13 ай бұрын
Glad you think so! Thank you for watching.
@RLTango3 ай бұрын
Thank you for the research and content! Looks like a Golden Goose for someone, but not everyone.
@JasonWalter13 ай бұрын
My pleasure! Thank you for watching the video!
@user-bl5dv2es5j3 ай бұрын
This could be a great way for someone with a big down payment available to take advantage of someone's much lower rate/payment. Only problem is, will the seller be willing to play ball.
@renelopez22443 ай бұрын
Good morning
@JasonWalter13 ай бұрын
Morning!
@ryanwalthuis1928Ай бұрын
I was thinking of assuming a mortgage and getting a loan for the equity then renting the place for a few years while i live cheap and pay down the loan. do you think that would work? i figure after assuming the mortgage and taking on the loan you could rent for the total loan value of both and then pay aggressively and eventually move in. delayed gratification.
@MehrinShahed3 ай бұрын
I found only one in OC! Wondering if realtors can find (on MLS) which for sale houses are on FHA loan.
@brandonpenton56262 ай бұрын
Seems like the biggest issue is that some realtors are unfamiliar or do not inform their clients of their loan being assumable. I sold my assumable house a year ago and we did not have assumable in our listing description. Do you think cold calling listings is the best way to find assumable mortgages if it is not stated in the listing?
@Steverz323 ай бұрын
Happy Thursday Jason
@JasonWalter13 ай бұрын
Sand to you Steve!
@Steverz323 ай бұрын
@@JasonWalter1someone is thinking about the beach 🏝️ 🤣😂🤣
@JasonWalter13 ай бұрын
@@Steverz32 haha! That was pre-coffee *same
@jomomma10723 ай бұрын
I found 3 homes today that were assumable. The one we were interested in was 459k. 300 plus owed at 2.375% interest. Before I called my agent I read that va loans could be taken over by non-va buyers. It turns out out this seller is looking for a buyer with their va certificate so the seller can buy another home using theirs. So basically from what I learned today and from watching your video, this seller is looking for a veteran who has 100 plus k to put down and can use their Va certificate to assume the loan. Va loans are usually beneficial for veterans with little or no money down right? Is it just going to sit on the market?
@seadradraggs3 ай бұрын
Thanks for this information! The question I have is if you were assuming a mortgage and are paying the sale/current balance difference out of pocket, would that mean the lender has made double the paid off amout under "one" mortgage?
@TheDankrista3 ай бұрын
No. The excess is going into the sellers pocket. And the terms of the original loan stay in effect. For instance if there are only 25 years remaining on the 30 year loan, you only need to make payments for the remaining 25 years.
@supremeaction90263 ай бұрын
I just got in contact with a realtor. There is a home at 3% rate w/ $2400 monthly owing 400k left. Down payment required is 235k. I’m 10k short. And would have 0 money saved. Seems like a great opportunity tho.
@JasonWalter13 ай бұрын
Zero money left? Great rate but I wouldn't buy unless you're able to still have an emergency fund.
@TheDankrista3 ай бұрын
Ask the listing agent to represent you and credit you 1% towards closing costs
@nadruik98903 ай бұрын
Jason, thanks for the Assumable walk through. Do you know if property taxes are refigured on the new sell price or do you get to keep their taxes as well?
@JasonWalter13 ай бұрын
Good question. Property taxes would be based upon the new sales price (i.e. how much the buyer pays for the house).
@nadruik98903 ай бұрын
@@JasonWalter1 thanks Jason, I figured that is probably the case as well but video made me curious about that and PMI
@Balbirsingh-rs4wz3 ай бұрын
0 in Hayward
@JasonWalter13 ай бұрын
Thank you for sharing and looking.
@House_hacker_6193 ай бұрын
You need to widen your search don’t just stick to one area
@rzhang703 ай бұрын
Is there any restriction who can assume an FHA loan?
@JasonWalter13 ай бұрын
The lender has to approve of the assumption and the buyer still has to get a loan approved by the seller's lender.
@shaanproms21013 ай бұрын
It's not gonna work. Coz, the current listing prices of the homes are 100% over the original loan, now you got to pay the difference which would depends on the listed price 😂 if we had such bigger pockets why wouldn't we buyit before COVID.
@Steverz323 ай бұрын
1😊
@JasonWalter13 ай бұрын
😀🏡
@Donkiko-bz1lv3 ай бұрын
What if the seller homeowner has a 10% mortgage 😂 I rather have a 7%
@edwinjacks3 ай бұрын
This is bs . I thought i would get an assumable home at the cost that was owed. You might as well just get a fresh home n loan. That just just blew me. So no benefit ftom assuming a loan
@supremeaction90263 ай бұрын
Except for having a rate 3-4% lower. Which we won’t see this decade.