Your listing's
secret weapon

Thousands of views from general buyers

Most don’t know the loan is assumable

You explain the concept over and over

Leads need education before they’re serious

Every buyer is here to assume a loan

Buyers come knowing what they’re looking for

Inquiries include financials upfront

You spend time closing, not educating

Submit your listing

Enter the property details and loan information. Upload photos. Takes under 5 minutes.

We confirm it’s assumable

The listing flow asks the right questions upfront to verify the loan is assumable. Once confirmed, your listing goes live on the marketplace.

Buyers find you

Qualified buyers discover your listing, run the numbers, and submit inquiries with their financials attached.

You guide the assumption

Review buyer inquiries in your agent dashboard. Connect with serious buyers and walk them through the servicer process.

Sign Up

Tell us your name, email, brokerage, and California DRE license number. Takes under 2 minutes.

Get Your Access Code

We auto-generate your unique founding agent code and email it immediately. Your access is active for 30 days from issuance.

List 10 Homes Free

Use your code at checkout. It covers up to 10 assumable mortgage listings during your 30-day access window.

Listings Run 90 Days

Each listing stays live for the standard 90 days from when it goes live, with buyer interest delivered through your agent dashboard.

Ask your seller one question: "What type of loan do you have?" FHA, VA, and USDA loans are assumable — conventional loans almost never are. If your seller has a rate significantly below today's market — think 3–5% — a buyer who takes over that rate instead of financing at current rates can save hundreds per month. That's a real listing advantage most agents never spot.

No special certification is required. Your standard real estate license covers you. The assumption process is handled between the buyer, seller, and loan servicer — your role is the same as in any transaction. Passage gives you servicer call scripts and process guides to make it easy.

Your seller needs to authorize the assumption with their loan servicer and cooperate with the buyer's application. They'll be released from liability once the servicer approves the transfer. Until then, both parties are on the hook — so it's important the buyer qualifies properly.

Typically 45–60 days for FHA loans. VA assumptions can run 60–90 days depending on the servicer's processing load. Plan for a longer timeline than a standard purchase and set that expectation with your clients upfront.

The buyer needs to pay the difference between the home's purchase price and the remaining loan balance in cash. If that gap is large, some buyers use a second lien, bridge loan, or gift funds to cover it. Passage flags buyers' downpayment capacity upfront in every inquiry, so you can screen for this before taking a call.

No. Agent commissions on assumable transactions work the same as any other sale — negotiated between the parties and typically paid at closing. The assumption is a financing mechanism, not a different transaction structure.

Yes. VA loans can be assumed by non-veterans. However, if the buyer is not a veteran, the seller's VA entitlement remains tied up until the loan is fully paid off, which limits the seller's ability to use VA benefits again in the future. Worth discussing with your seller.

An assumable mortgage lets a home buyer take over the seller's existing loan — same interest rate, same remaining balance, same terms. When a seller locked in a 3% rate in 2020 or 2021, an assumable loan gives a buyer access to that rate, which can mean $600–$1,200 less per month compared to financing at current market rates. FHA, VA, and USDA loans are all assumable by law. Conventional loans backed by Fannie Mae or Freddie Mac are generally not.

Yes. FHA loans are assumable by law regardless of which state the property is in. Any buyer who meets the lender's credit and income standards can assume an FHA loan from a California seller. The assumption requires servicer approval, which typically takes 45–60 days. Both the buyer and seller submit documentation to the servicer, and once the transfer is approved, the buyer steps into the seller's loan with the original interest rate intact.

Yes. VA loans are assumable — by veterans and non-veterans alike. If a non-veteran buyer assumes a VA loan, the seller's VA entitlement stays tied to that loan until it's paid off, which can limit the seller's ability to use their VA benefit again in the future. That's an important conversation to have with a veteran seller before listing. Despite this nuance, VA assumptions can be especially attractive when the seller's rate is well below current market.

Passage is the only marketplace built specifically for FHA, VA, and USDA assumable mortgage listings. Every buyer on the platform is already searching for an assumable loan — they understand the concept, have run the numbers, and are motivated. Agents who list on Passage get intent-driven leads with financial details — downpayment, credit score, pre-approval status — included with every inquiry. No educating leads before they're serious; more time spent on offers.

Sign up at joinpassage.app/for-agents/register with your name, email, brokerage, and California DRE license number. Within minutes, we email you a unique FOUNDER- code covering up to 10 free assumable mortgage listings. Apply the code at checkout when listing any property. Your code is valid for 30 days from the date it's issued. Each listing then runs the standard 90-day term. The whole registration takes under 2 minutes.

A standard listing on Passage is $299 for 90 days. Founding agents get their first 10 listings free using the FOUNDER- code issued at sign-up. After the founding period, listings are billed at the standard rate. There are no subscription fees, no monthly minimums, and no commission sharing — you pay per listing and keep 100% of your commission.

Each listing runs for 90 days from the date it goes live. During that window, your listing is visible to buyers searching for assumable homes. Founding agents can use their code to create up to 10 listings within their 30-day access window, and each of those listings runs its own independent 90-day term. You can mark a listing inactive at any time if the home sells or is taken off market.

Buyers search joinpassage.app by location, loan type (FHA, VA, USDA), interest rate range, and price. Listings also appear in Passage's email digests sent to registered buyers in your area. Every buyer who searches on Passage has explicitly opted in to find assumable homes — so discovery happens among an audience that already understands what they're looking for.

No. Conventional loans backed by Fannie Mae or Freddie Mac are not assumable, so Passage does not support them. The platform is built exclusively for FHA, VA, and USDA loans — the three federally-backed mortgage types that carry assumption rights by law. If you're unsure whether a seller's loan qualifies, the listing wizard will ask the right questions to confirm eligibility before you complete the listing.

When a buyer submits an inquiry on one of your listings, you receive an email notification immediately with the buyer's name, contact details, downpayment capacity, credit score range, pre-approval status, and veteran status. All leads are also accessible in your agent dashboard at any time. Passage delivers the full picture directly to you — you decide how and when to respond.