How to Find Assumable Mortgages in Arizona

By Kevin Langan

Kevin Langan is a trusted real estate advisor dedicated to elevating the level of professionalism in the industry through expert strategy, real guidance, and exceptional results.

Most homebuyers feel stuck with high interest rates, but few realize there is a built-in workaround hiding in certain listings. Assumable mortgages can give you access to a better rate if you know where to look. They are not advertised loudly, but they can save you thousands when used correctly. Here is how to find them and see if they work for you.

Know which loans are assumable. Start by understanding what qualifies. Most FHA, VA, and USDA loans are assumable if the buyer meets the requirements. Conventional loans usually are not. When a seller has one of these government-backed loans and the terms allow an assumption, you can take over the seller’s loan balance, interest rate, and monthly payment.

Ask early about the seller’s loan. Assumable loans rarely show up as a bold feature in a listing. That means you and your agent need to ask. Have your agent reach out to the seller’s agent and confirm what type of loan the seller has, whether it is assumable, and what the remaining balance and interest rate are. This information can instantly change how you view the property.

Use the search filter and mortgage pros. Some platforms like Redfin and Zillow have begun flagging assumable mortgages in listing details. Filters can help you spot homes with government-backed loans. Still, the most reliable approach is talking with a real estate agent familiar with assumable loan deals or a local lender who can verify eligibility. Once you know the loan type, you can also contact the mortgage servicer directly.

Be ready to cover the equity gap. Assuming a mortgage does not remove the need for upfront funds. If the seller has built equity, you will need to cover that amount with cash or a second loan. Even with that cost, the long-term interest savings can make the deal worth it.

Assumable mortgages offer a hidden advantage for buyers who know how to find them. With the right questions and the right guidance, you can secure a lower rate and a more affordable payment in today’s market. If you want help identifying these opportunities, reach out at (480) 327-8092 or email kevin@langanteam.com. Let’s find the right deal for you.