09/29/2026
An assumable FHA or VA loan can offer a buyer the chance to take over an existing interest rate, the rate is only part of the story.
If a home sells for $500,000 and the loan balance is $400,000, the buyer needs a way to cover the $100,000 gap. That could be cash or approved additional financing. The buyer must also qualify for the assumption.
The process can take several months, so buyers and sellers should plan for a longer closing timeline.
Buying or selling in Washington? Let’s look at the numbers and timeline together.
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