VA Loan Origination Trends and What They Mean for Buyers
Friday, June 26
VA loan originations hit record levels during 2020-2022. That surge created the massive pool of low-rate assumable loans that buyers are now accessing. Understanding the origination trends helps you understand where the best deals are today.## The Numbers**2019:** Approximately 620,000 VA loan or...
FHA Loan Volume and Assumable Inventory
Friday, June 26
FHA loans account for roughly 35% of Colorado's assumable inventory. While VA loans get most of the attention (lower rates, military connection), FHA assumptions are a significant and sometimes overlooked opportunity.## FHA Origination ContextFHA has been one of the most popular loan programs for...
How Many Assumable Mortgages Exist in the US?
Thursday, June 25
# How Many Assumable Mortgages Exist in the US? Roughly 12 million. That's the estimated number of active FHA and VA mortgages in the United States that are technically assumable. Not all of them are on the market (the homeowners have to decide to sell), but the underlying loan is assumable whene...
Average Assumable Rates vs Current Market Rates
Thursday, June 25
The average assumable rate across Colorado's inventory is approximately 3.2%. The current market rate for a new 30-year fixed mortgage is approximately 7%. That's a 3.8 percentage point spread. On a $250,000 loan, that gap is roughly $905/month. Per month. The Rate Spread Over Time This gap hasn'...
The Growing Demand for Assumable Mortgages
Thursday, June 25
The assumable mortgage market is experiencing explosive growth. Transaction volume for assumptions has increased roughly 500% since 2022. Google search volume for "assumable mortgage" has tripled. Media coverage has gone from zero to constant. Why? Because the math finally makes sense. What Chang...
How Assumable Mortgages Work in a High Rate Environment
Tuesday, June 23
# How Assumable Mortgages Work in a High Rate Environment The value of an assumable mortgage is directly tied to the gap between the assumable rate and the current market rate. When that gap is wide (like right now, with assumable rates at 2-4% and market rates at 7%), the savings are enormous. P...