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Mortgage guides and updates.

Plain-English articles on loan programs, buying a home, refinancing, and home equity, so you can walk into your next conversation with a lender knowing the basics.

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Written by Jerry Kindig, licensed mortgage broker, NMLS #2397823.

What Is an Assumable Mortgage and How Does It Work?

What Is an Assumable Mortgage and How Does It Work?

What Is an Assumable Mortgage and How Does It Work?Jerry L Kindig III
Published on: 12/11/2026

Can you take over a seller's mortgage? A mortgage broker explains assumable FHA, VA, and USDA loans, the equity gap, costs, and how the process works.

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Articles explain the basics. For your situation, talk with a licensed loan officer or compare options yourself.

FAQ

About this blog.

Who writes the Pick My Mortgage Rate blog?

Jerry Kindig, a licensed mortgage broker (NMLS #2397823) with Pick My Mortgage Rate, powered by Loan Factory (NMLS #320841).

Is the blog financial or legal advice?

No. Articles are general education about mortgages. They are not a loan offer, a rate quote, or a commitment to lend. All loans are subject to approval, and your options depend on your situation.

How do I get new articles?

Use the blog sign-up form on this page to leave your name, email, and phone, and we will let you know when new guides are posted.

Can I ask about my own situation?

Yes. Call or text (480) 526-4505, email [email protected], or use the contact page, and a licensed loan officer will follow up.