Lock in rates from 2.5%–4% by assuming a seller's existing mortgage — skip the high rates of today's market.
Browse our curated listings of Florida homes where sellers are offering their FHA, VA, or USDA loan for assumption — all with below-market interest rates.
Use our Lender Eligibility Checker to verify that the specific lender/bank allows assumption, get the exact phone number to call, and know what to ask them.
Submit your credit and income information to the lender, receive approval, work with a title company to transfer the loan, and close — at the seller's low rate.
Enjoy hundreds — sometimes thousands — in monthly savings compared to taking out a brand-new mortgage at today's higher rates. Lock in that rate for life.
Florida's perfect storm of rising costs is creating a once-in-a-decade opportunity for sellers with low-rate loans.
FL home insurance averages $5,600/yr — 181% above national average. An assumable mortgage's lower payment offsets this cost, making your home more affordable than anything else on the market.
FL is home to 21 military bases — NAS Jacksonville, MacDill AFB, Eglin AFB, and more. VA loans are the #1 assumable mortgage type. Non-veterans CAN assume VA loans with approval.
Millions of FL homeowners are "locked in" to low rates but NEED to sell. Insurance costs, HOA increases, and life changes are forcing listings — giving buyers a rare window to lock in those rates.
FL's Save Our Homes cap limits property tax increases to 3%/yr for existing owners. Buyers who assume the mortgage still get a tax reset — but the lower mortgage payment more than compensates.
Cape Coral, Tampa, and Jacksonville prices are down 7-13% from 2022 peaks. Sellers with assumable loans can price competitively AND offer the rate advantage — a two-punch that moves homes fast.
Nationally, ~12 million mortgages are assumable. Over half carry rates below 4%. But no single platform makes them easy to find — until AssumeKey.
An assumable mortgage lets a buyer take over the seller's existing home loan — including its original interest rate, remaining balance, and payment schedule. Instead of getting a brand-new mortgage at today's elevated rates, you step into the seller's shoes.
This is especially powerful right now: millions of homeowners locked in rates of 2.5%–4% during 2020–2022. Today's buyers face 6.5%–7.5% rates. Assuming a low-rate mortgage can mean $500–$1,200 less per month.
See how much an assumable mortgage saves vs buying at today's rates
Everything Florida buyers and sellers need to navigate the assumption process.
Step-by-step guide to completing a mortgage assumption in Florida — from offer to closing.
VA sellers: understand what happens to your entitlement when a buyer assumes your loan.
Florida's insurance crisis is real — here's how to navigate it as a buyer or seller.
Buyers: the equity gap is the difference between the price and loan balance. Options to cover it:
Assumption takes longer than a typical purchase — plan ahead.
Get our full Florida Assumable Mortgage Guide — free via email.
Disclaimer: AssumeKey provides information only. This is not legal or financial advice. Always consult a licensed real estate attorney, mortgage professional, or HUD-approved housing counselor before making any real estate decision.