Steal a 2.5% Rate Instead of waiting for rates to drop, target listings with an assumable FHA or VA mortgage. Roughly 40 % of those loans written between 2020-2022 carry interest rates under 3.5 % (Business Insider, April 2025), and the seller can let you inherit that ultra-low payment if you meet the lender’s credit and income guidelines. On a $400k loan, sliding from today’s 6 % to a 2.75 % assumable rate cuts the monthly principal-and-interest bill by about $640—money that can fund renovations or simply make the home affordable. Start by asking your agent to filter MLS remarks for “assumable,” then confirm with the loan servicer before you tour. DM us for this week’s assumable-rate listings.
