Krishna Perkins, broker/owner of Maverick Homes and Neighborhoods, recently guided homebuyer Karl Kluthe through a purchase where he assumed the seller's existing VA loan, locking in a 2.375% interest rate in 2025.
"This isn't a trick or temporary buydown," Perkins says. "It's a fully legal, lender-approved process that allows qualified buyers to take over FHA, VA, or USDA loans originated during the low-rate years between 2019 and 2022."
š Why Assumable Mortgages Matter
An assumable mortgage allows a homebuyer to step into the seller's loanākeeping their low rate and favorable terms. While current mortgage rates are over 7%, assumable loans can come with rates in the 2.25% to 3.5% range.
"Karl didn't just get a houseāhe got a payment plan from a different era," Perkins says. "His savings will add up to tens of thousands over time."
ā ļø The Mistake Many Buyers Are Making
According to Perkins, today's buyers often spend $20,000ā$40,000 on rate buydowns to make their payments manageable, without realizing that those same funds could secure an assumable loan with a much lower interest rate and shorter loan term.
"What's worse," he says, "is that many homes sold in this high-rate market had assumable loansābut buyers and agents never asked."
ā Which Loans Are Assumable?
- FHA Loans ā Common among first-time buyers
- VA Loans ā Even non-veterans can assume in many cases
- USDA Loans ā Available in rural and suburban areas
These government-backed loans offer strong protections and transparencyāmaking the assumption process easier when guided correctly.
š¼ How Perkins Helps
Perkins actively locates off-market homes with assumable mortgages through his Perfect Home Finder system. His approach includes:
- Connecting with sellers who may not know their loan is assumable
- Vetting homes with low-rate government-backed loans
- Guiding buyers through the FHA, VA, or USDA assumption process
"Most agents simply aren't trained in this," Perkins says. "But the opportunity is realāand it's right under people's noses."
š¬ Real Client Results
"Krishna was great to work with and I would highly recommend him to anyone! He goes above and beyond to help. His knowledge is second to none."
ā Karl Kluthe, San Antonio Buyer, May 2025
š„ More Education Available
Perkins shares insights on assumable loans, off-market listings, and HUD deals on YouTube at
@livinginnortheastsanantonio.
š Contact
Krishna Perkins
Broker/Owner, Maverick Homes and Neighborhoods
š± 210-260-6617
š www.maverickhomesandneighborhoods.com
š Home Value Reviews: www.homevaluetx.net
Photos: (Click photo to enlarge)
Source: Maverick Homes And Neighborhoods
Read Full Story - San Antonio Buyer Secures 2.375% Mortgage in 2025-Broker Reveals the Mistake Costing Buyers Thousands | More news from this source
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