Assumable Mortgage

A mortgage that can be taken over (“assumed”) by the buyer when a home is sold.
A provision in an assumable mortgage allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon the sale or transfer of the property.

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West-Cal Mortgage
NMLS #1033965
DRE: 01929106

Dan Eichhorn
NMLS #339426
DRE: 00907283

Equal Housing Lender

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Sebastopol, CA. 95472