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What this means for buyers

This NYC property has a recorded mortgage in the public ACRIS database. If the loan is assumable — typically the case with FHA, VA, and USDA mortgages — a qualified buyer may be able to take it over from the current owner at the original interest rate, balance, and remaining term. With today's mortgage rates well above the rates of 2020–2022, assuming an existing low-rate loan can save tens or hundreds of thousands of dollars over the life of the mortgage.

How to verify assumability

Recorded mortgage data alone does not confirm assumability. To verify:

1. Contact the seller (or their attorney) and request the loan documents.
2. Identify the loan type — FHA, VA, USDA, and some conventional loans are assumable.
3. Contact the servicer/lender directly and ask about their assumption process and fees.
4. Work with a NYC real estate attorney experienced in mortgage assumptions — see our attorney directory.

About this data

All information on this page is sourced from the NYC Department of Finance ACRIS (Automated City Register Information System) and PLUTO public records. SellerFinanceNYC aggregates and displays public data — we are not the lender, broker, or seller of record.