Will Assumable Loans Become Hot Commodities?

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

Home affordability is becoming one of the hottest topics in the economy, but I was recently asked if assumable mortgages might bring some relief to homebuyers. This video shares what I think about how mortgage assumption will impact housing.

Will Assumable Loans Become Hot Commodities?

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments (10)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joe and great information for you to share with us here in the Rain.  Make it a great day!

Jun 21, 2022 08:04 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Will, have a great day too.

Jun 21, 2022 08:18 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Joe - I remember in the early 80's that many listings were in the newspaper saying that there is an assumable mortgage. 

Jun 21, 2022 08:37 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Joe Manausa - Tallahassee, FL I was talking about this to a group of Realtors just the other day.  It has been a long time since we have seen assumable loans, but I think we are going to start seeing them again real soon.

Jun 21, 2022 05:35 PM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

You can remember the 1980s Grant? 😃

Jun 22, 2022 04:50 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

I would hope so George, but with supply so low, I'm not so sure. Cash buyers are making them unnecessary.

Jun 22, 2022 04:50 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

When I first became an agent in 1981, the interest rate on new mortgages was 18%.  It would be at least 2 years before I sold a home where a new loan was originated.  All sales, were on homes that had existing assumable loans with low interest rates, and little equity.

Jun 22, 2022 05:27 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Joe, on having this blog FEATURED in the Old Farts Club group!  

Jun 22, 2022 05:28 PM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

That is so interesting Myrl, thank you for sharing. It's a shame the equity situation today won't let us revisit those opportunities.

Jun 26, 2022 10:43 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

And thank you for the inclusion in the OFC Myrl.

Jun 26, 2022 10:43 AM