Mortgage rates are still a lot higher than they were just a few years ago, and that’s making both buyers and sellers look for creative ways to make the numbers work. One option getting fresh attention in 2026 is the assumable mortgage.
It’s a little-known feature that could allow a buyer to take over a seller’s existing low-rate home loan instead of applying for a new one. In the right situation, that could mean locking in a mortgage rate closer to 3% when new loans are hovering around 6% or more. That kind of difference can significantly change monthly payments and long-term affordability.
