Assumable Mortgages: Any ways to do creative financing?

[Dillan Gomez]

Hey All!

I'm a first-time investor looking at purchasing my first property for a house hack! The idea of an assumable mortgage seems very attractive from a cash flow perspective, but unfeasible from a capital perspective. Typically the homes require a downpayment of over $100K to assume a sub-3% rate.  This is why I haven't considered them as a realistic option for a cash-on-cash return. The appeal is pretty much just the low monthly payment.

Are there any ways to bring low money down on assumable mortgage deals to avoid paying a lump sum of $100k+? Has anyone here done an assumable mortgage? If so, how was it? Any pointers? 

Any wisdom is greatly appreciated, thanks!