Does your seller ( or you ) have a low-rate mortgage they’re giving up?
Here’s a strategy that can make their home even more attractive to buyers while helping them close the deal.
When a home has an assumable low-rate mortgage (often VA or FHA), buyers can step into that great rate. The challenge? There’s usually a gap between the assumable loan balance and the purchase price — and most buyers don’t have that extra cash ready.
That’s where our Assumable Gap Loan strategy comes in:
--Buyer assumes the seller’s low-rate first mortgage.
--We finance the gap with a second mortgage or HELOC.
--Usually just 10% down is needed from the buyer to make it work.
This helps:
✅ Sellers market their home as a “Low-Rate Assumable” deal — huge selling point.
✅ Buyers get a payment they couldn’t find anywhere else.
✅ Agents put together more win-win transactions in today’s market.
We can pre-qualify buyers for the gap loan upfront, so when the right property comes along, they’re ready to go.
Action Items:
--Review your listings for any VA or FHA loans with low rates — these could --be goldmines.
--Market them as “Assumable with Gap Loan Option” to stand out.
--Send buyers looking for assumable loans my way for pre-qualification on the gap financing.
Let’s collaborate on a marketing flyer for any property that qualifies.
Let’s make this work for your next deal. Email me at Kevin@KevinBrierton.com or call/text 480-553-8770.
P.S. The best deals are the ones that solve problems for both sides. This one does exactly that.
Check out the most Listened to Episode. of our no Excuse Pro Podcast.
Speaking with Jason Penrose of The Penrose Team, as he uncovers the secrets behind The Penrose Team's impressive track record of delivering swift and tangible results for their clients. From navigating the bustling real estate market to crafting tailored strategies, this team prides itself on achieving success efficiently and effectively.
Kevin Brierton
Branch Manager
NMLS #599873
Scottsdale, AZ
CONNECT WITH ME
kevin@kevinbrierton.com
www.kevinbrierton.com
https://www.facebook.com/TheBriertonTeam
ABOUT KEVIN BRIERTON
I have been in mortgage banking since 2004. During this time, I have successfully helped more than 1,650 families with more than $500 Million in residential mortgages, placing me consistently among the top in the industry. I spend the 1st Friday of every month studying all of our products, guidelines, & lending criteria.
In addition, I work closely with our underwriting & secondary markets to fully understand all our mortgage products to ensure I am able to empower more families to gain homeownership. Our team of fully trained mortgage specialists has the attitude of “how can we make this loan work” rather than just assuming it won’t. Other Lenders find problems, we find solutions, and we are excited to find a solution for you & your Family!
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