Live, searchable database of FHA, VA, USDA, and conventional mortgages on properties across all five boroughs — sourced directly from NYC ACRIS public records. If the existing loan is assumable, you may be able to take it over from the seller at the original interest rate, often well below today's market.
An assumable mortgage allows a buyer to take over the seller's existing home loan, including the interest rate, balance, and remaining term. With today's mortgage rates above 6–7%, assuming a 3% loan from 2020–2021 can save a buyer hundreds of thousands of dollars over the life of the loan.
FHA, VA, and USDA loans are generally assumable with lender approval. Most conventional loans are not assumable due to "due-on-sale" clauses, but exceptions exist (death, divorce, family transfers). This database surfaces all recorded mortgages — you'll need to confirm assumability with the lender or title company.
All data is sourced from the NYC Department of Finance ACRIS (Automated City Register Information System) public records, combined with PLUTO property data. It is updated continuously.
Contact the seller, request the loan details, then apply for assumption with the existing lender. You'll need to qualify financially (credit, income, DTI) and pay the assumption fee plus closing costs. A real estate attorney experienced with assumptions is essential — see our attorney directory.
Yes. ACRIS records are public information published by the City of New York. We aggregate and surface them to help buyers and sellers find creative financing opportunities.