Assumption Education™
A short, plain-language paid course (about 45 minutes) taught with our expert partners at GAMC Group. Learn how mortgage assumptions work so you can approach a Readiness Review better informed.
Assumption Education™
Five lessons and a quiz.
- What is an assumable mortgage?
- The equity gap problem
- How approval works
- Why assumptions fail
POWERED BY THE GAMC GROUP
Built with expert partners
Assume & Buy™ is powered by the Global Administrative Management and Consulting Group (GAMC Group). Our expert partners have experience with assumable mortgages and helped shape this course so the lessons are practical and easy to follow.
What you'll learn: 5 lessons
Each lesson has a title and video thumbnail, and the whole course takes about 45 minutes. Finish the quiz to earn your Assumption Education™ Certificate.
Lesson 1: What Is an Assumable Mortgage?
Definitions, which FHA, VA and USDA loans may be assumable, and how an assumption differs from getting a new loan.
Lesson 2: The Equity Gap Problem
How purchase price, loan balance and equity interact, and why the gap matters to buyers and sellers.
Lesson 3: How Approval Works
What servicers and agencies typically review, the general steps, and why timelines vary.
Lesson 4: Common Reasons Assumptions Fail
Qualification issues, funding the gap, and process delays, with ways to spot them early.
Lesson 5: Preparing for Your Readiness Review™
The documents and questions to bring so your review is as useful as possible.
Quiz & Certificate
Check your understanding and receive a certificate of completion.
Enroll in the Assumption Education Course™
Get full access to all five lessons, the quiz and your certificate of completion. Price: $99. Prepare to ask better questions about assumptions before you make or accept an offer.
5 video lessons (about 45 minutes)
Quiz and certificate of completion
Preparation for your Readiness Review™
Taught with GAMC Group expert partners
Who the course is for
Buyers
Understand qualification requirements and the cash needed before you write an offer.
Sellers
Learn what a buyer must show, how approval works, and what happens to your loan.
Realtors
Evaluate assumption offers with a clearer picture of qualification, timing and financing.
Important: The course is educational only. It does not provide legal, tax or financial advice, does not guarantee any outcome, and purchasing it does not affect loan eligibility. Enrolling is not required to obtain a mortgage from us or any other lender, and you are free to choose any lender, Realtor or settlement service provider.
General information, not legal or financial advice. Assumption eligibility depends on servicer, FHA, VA or USDA review and borrower qualification.This website is for educational purposes only and is not a commitment to lend, loan approval, or an offer of credit. All loans are subject to credit approval, property and program requirements, and loan assumptions are subject to servicer and agency approval. Rates, terms and availability are not guaranteed. We are not affiliated with or endorsed by HUD, FHA, VA or USDA. This site does not provide legal, tax or financial advice.
You are not required to use any particular lender, Realtor or settlement service provider. No referral fees or things of value are exchanged for referrals of settlement service business.
© Assume & Buy™ Powered by Global Administrative Management and Consulting Group