![]() San Antonio Buyer Secures 2.375% Mortgage in 2025-Broker Reveals the Mistake Costing Buyers ThousandsKrishna Perkins, broker/owner of Maverick Homes and Neighborhoods, recently guided homebuyer Karl Kluthe through a purchase where he assumed the seller's existing VA loan, locking in a 2.375% interest rate in 2025. "This isn't a trick or temporary buydown," Perkins says. "It's a fully legal, lender-approved process that allows qualified buyers to take over FHA, VA, or USDA loans originated during the low-rate years between 2019 and 2022." 🔍 Why Assumable Mortgages Matter An assumable mortgage allows a homebuyer to step into the seller's loan—keeping their low rate and favorable terms. While current mortgage rates are over 7%, assumable loans can come with rates in the 2.25% to 3.5% range. "Karl didn't just get a house—he got a payment plan from a different era," Perkins says. "His savings will add up to tens of thousands over time." ⚠️ The Mistake Many Buyers Are Making According to Perkins, today's buyers often spend $20,000–$40,000 on rate buydowns to make their payments manageable, without realizing that those same funds could secure an assumable loan with a much lower interest rate and shorter loan term. "What's worse," he says, "is that many homes sold in this high-rate market had assumable loans—but buyers and agents never asked." ✅ Which Loans Are Assumable?
These government-backed loans offer strong protections and transparency— 💼 How Perkins Helps Perkins actively locates off-market homes with assumable mortgages through his Perfect Home Finder system. His approach includes:
"Most agents simply aren't trained in this," Perkins says. "But the opportunity is real—and it's right under people's noses." 💬 Real Client Results "Krishna was great to work with and I would highly recommend him to anyone! He goes above and beyond to help. His knowledge is second to none." — Karl Kluthe, San Antonio Buyer, May 2025 🎥 More Education Available Perkins shares insights on assumable loans, off-market listings, and HUD deals on YouTube at @livinginnortheastsanantonio. 📞 Contact Krishna Perkins Broker/Owner, Maverick Homes and Neighborhoods 📱 210-260-6617 🌐 www.maverickhomesandneighborhoods.com 📊 Home Value Reviews: www.homevaluetx.net End
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