Would you like to know what the next big thing will be in real estate? Assumptions. An assumable loan offers the buyer the value of taking over a seller’s interest rate and amortization. Both FHA and VA loans are assumable. Some older loans do not require that the buyer qualify for the loan they are assuming, but almost all FHA and VA loans currently in existence do. People with a low rate assumable loan can usually sell two assets when they list their property. The first, obviously, is the home, but the second asset is the loan.