3% rates ARE still possible??

[Jake Andronico]

The short answer: Yes 

This is likely not news to a lot of you, but FHA and VA loans can be assumed (usually) at the original terms. This means that these rates can be from 2020/21/22.

I've seen an assumable FHA loan in our market in Reno NV for as low as 2.6%... 

The catch: You may need a larger down payment to be able to assume these loans. 

Example: If a home is $500K and there's an existing $350K VA or FHA loan, you may need to come up with $150K+ to make up the difference.

"That's great. How do I find them?" 

Well, a lot of Realtor's HATE Zillow, but it can be incredibly useful when you know how to use it. For example (bottom right): 

You can search for keywords in the description of properties. "VA, FHA, Owner Financing" etc...

This only shows up when it's actually in the property description, but saves a TON of time not having to sift through and read each and every property description when they pop up. 

I hope this helps some people out there. In times like these, getting creative is key!!