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Buyers, cut your mortgage payments in half!

In today's high interest rate market, UMe connects buyers with assumable mortgages, helping you lower payments an avoid high interest rates while securing your dream home.

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Our Mission

Making home ownership affordable again

Our mission is to revolutionize the real estate experience through assumable mortgages, making homeownership affordable again.

We empower buyers, sellers, and real estate agents with the knowledge and resources to make informed decisions and achieve their homeownership goals. Transparency, efficiency, and education are the cornerstones of our success.

By connecting all players in the real estate market in one convenient place, we simplify the assumable home buying and selling journey.

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What is an assumable mortgage?

An assumable mortgage allows you to take over the seller's existing loan, including its current interest rate and terms. This can lead to substantial savings, particularly in a high-interest rate market. UMe's expertise in assumable mortgages ensures you navigate this process seamlessly, securing the best deal possible.

Lower Interest Rates

If the current mortgage rate is lower than current market rates, assuming the mortgage allows the buyer to inherit this lower rate, resulting in lower monthly payments and overall interest costs.

Reduced Closing Costs

Assumable mortgages often have lower closing costs compared to taking out a new mortgage, as there's often no need for a new appraisal, loan origination points or fees, or other associated costs.

Easier Qualification

Assuming a mortgage can be easier than qualifying for a new mortgage, especially for buyers who might not meet today's stricter lending criteria or have less-than-perfect credit.

Flexibility For Sellers

For sellers, having an assumable mortgage can make their property more attractive to potential buyers. This increased pool of qualified buyers can lead to a quicker and more profitable sale.

Are you ready?

Ready to buy with UMe?

Buying with UMe is simple and stress-free. Search and secure your dream home in a few easy steps.

FHA and VA Assumable Mortgages

Both FHA and VA loans are assumable under most conditions. FHA loans are attractive for their lower rates and flexible eligibility, while assumable VA loans offer competitive rates - and you don't need to be a veteran to assume one! When considering an assumable mortgage, it is essential to understand the specific conditions and requirements for the assumption process of each loan type and that is where we come in.

Explore assumable homes

Step 1

Explore assumable mortgage listings

Find eligible homes with rates well below current market rates. Discover homes eligible for assumption with rates well below current market standards. Start finding your dream home today!

Step 2

Get pre-screened to assume a mortgage

Get pre-screened quickly with built-in low rates and payments that fit your budget. Our experts guide you through the process of assuming a mortgage seamlessly.

Step 3

Leave the details to us

We take care of working with your agent, the loan servicer, and the sellers.. so you don't have to.

Step 4

Get your keys and smile

Congratulations on your new home! Enjoy the benefits of obtaining a low rate with us.

We collect a buyer paid fee of 1% of the purchase price upon a successful closing and through the transaction closing costs. This assures everyone a simple and stress-free experience.

You get immediate savings.

When you buy with UMe, you don't have any new mortgage loan costs...because there isn't a new loan. Many mortgage lenders charge 1-2% in fees. You've already saved thousands!

You get long term savings.

Most UMe clients can expect to save between $500 and $1,800 per month. That equates to $6,000 to $21,600 per year...every year!

Sooo...what’s the catch here?

None. Buyers Win. Sellers Win.

It's the only true win-win we've seen in the industry since assumptions in the 80's.

FEEL FREE TO CONTACT US

Do You Have Any Questions?

Check out this FAQ to get more information

What makes a loan assumable?

All VA and FHA loans are assumable per the US Government. Technically other loans could also be assumable but most conventional loans have a Due on Sale clause. Simply put, this means if you sell the home, the lender has the right to be paid back.

Why is an assumable loan valuable?

If an assumable loan has a rate well below current mortgage rates, it is highly coveted. Buyers are able to take over that rate and payment. There is value in having a lower monthly mortgage payment.

How much down payment do I need?

The down payment needed is the difference between the sales price and the amount owed on the assumable loan. This varies with each home. In some cases, we have seen homes with ZERO down payment needed.

Do I have to have cash for the entire down payment?

UMe has lender partners that are able to help finance part of the down payment needed. There are also other creative financing options available to buyers and sellers.

If I sell with my assumable loan, am I still liable?

Once the buyer has assumed your loan, you are no longer responsible and have no liability for it.

If someone assumes my VA loan, have I lost my entitlement and ability to get another VA loan?

The short answer is no. You have not lost your entitlement. VA phrases it as encumbered. Once the loan is either refinanced or paid off, your entitlement is fully restored. Until that time, you may still have bonus entitlement and the ability to get another VA loan. Call us for details.

Can UMe work with my agent?

Of course. Our business model is built around educating agents and arming them with all the tools they need to help buyers and sellers take advantage of this true win-win.

What does UMe charge?

The buyer paid fee of 1% of the purchase price is paid upon a successful closing and through the transaction closing costs. This assures everyone a stress-free experience.

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UMe Assumptions