Assumable Mortgages - I Have A Great Rate

[Nick Winikoff]

Hi,

I have a small multi family which I bought at the beginning of 2021.

The loan is an FHA and has a 1.87% interest rate.

I know in certain circumstances an FHA can be assumed by another person.

My idea is essentially selling the property with an assumable mortgage in order to drive up the value of the property.

Has anyone done this? Is this possible?

The property is in Baltimore Maryland.

Thanks!