Finding 3% Interest Rate Homes

Buyers can take over a seller’s existing low-rate mortgage, potentially securing ~3% instead of ~6%.
Target government-backed loans: FHA, VA, and USDA; conventional loans are almost never assumable.
Find listings via niche tools or keyword searches like “assumable,” “VA assumption,” or “FHA assumption.”
Big hurdle: the equity gap; cover it with cash, a second mortgage, or seller financing.
Assumptions can take 60 to 90 days, and buyers still face income and credit checks.