This question came from a buyer and I thought I should share it publicly.
How do I find homes on the market that have assumable mortgages?
You can actually have your agent do a search for them through the MLS. However, most agents are so inept at even understanding if something is assumable and how the process would even works, that you you will only have a handful of choices. (Note: The agent’s ineptitude has little to do with their professionalism and more to do with the rarity of true assumable mortgages and even more rare are buyers that could actually bring the money to the table to assume such mortgages ).
If you’re just looking for a good buy in Atlanta , then you should consult with a good Loan Officer and a good Realtor . If assumable loans are truly your aim, then be ready to put money down. If you don’t have money down, you might work on assuming loans for people with non-assumable loans. I can’t go into detail here, but there are several books on this.
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