AssumeList is an online platform that aggregates residential listings with assumable VA, FHA, and USDA mortgages, letting buyers filter properties by interest rate, loan balance and cash‑gap to find homes with below‑market financing. The service provides real‑time payment estimates and connects users with a network of licensed agents who handle the assumption process, while offering agents exclusive off‑market listings and marketing tools.
Funding
Funding not disclosed
Founders
Product
Problem
Homebuyers face increasingly high mortgage rates, leading to higher monthly payments and reduced affordability, while traditional listings do not highlight properties with existing low‑rate, assumable loans. Real estate agents lack a centralized tool to match clients to these below‑market financing options.
Solution
AssumeList is an online search platform that aggregates residential listings backed by assumable VA, FHA, and USDA mortgages. Users can filter properties by interest rate, remaining loan balance, and cash‑gap criteria, accessing homes where the buyer can take over the seller’s existing loan. The service displays the current loan’s rate—often 2‑4 % below market—and estimates monthly payments, enabling buyers to realize 20‑40 % lower payments and reduced closing costs. A network of licensed agents is available to guide users through the assumption process, from offer to closing, at no additional cost beyond the subscription. The platform also offers agents exclusive off‑market listings and marketing tools to accelerate sales.
Target Audience
Primary users are homebuyers and investors seeking lower‑rate financing, and real estate agents or brokerages that want to offer assumable‑mortgage options to their clients.
Features
- Searchable database of VA, FHA, and USDA assumable mortgages, including both listed and off‑market properties
- Filters for interest rate (all below 5 %, many ≤ 3 %), loan balance, remaining term, and cash‑gap requirements
- Real‑time estimates of monthly mortgage payments and total interest savings
- Integrated agent network providing end‑to‑end assistance with assumption approvals and closing
- Agent‑only features: off‑market property access, branded listing pages, skip‑tracing, and dedicated phone support
- Subscription‑based access with tiered plans for homebuyers, agents, and brokerages