Do I Still Get an Inspection and an Appraisal When I Assume a Mortgage?

Yes on the inspection, every single time, and the appraisal situation actually works in your favor. Ryan clears up the assumption that stepping into someone's loan means taking the house as-is, which is not how it works. The financing is vintage. The inspection is brand new. He backs it up with real numbers: a client who assumed a 2.375% rate still walked away with $7,000 in inspection resolution, and a house hack buyer in Pueblo got $5,000 in concessions up front plus another $1,700 from the inspection on top of that. Sellers negotiate on assumable deals the same as any other deal. On the appraisal side, most FHA and VA assumptions skip it entirely because the bank is not lending new money, they are moving an existing loan into your name. That means no $600 appraisal fee and no appraisal gap fight, which has been one of the most painful parts of buying with a new loan over the last few years. Ryan also covers what to do if you want a third party number for your own peace of mind and why most buyers skip it once they see the comps. You get the inspection, you get your deadlines, you can negotiate repairs and concessions, and you can walk with your earnest money if the house is a disaster. The only thing different is the loan. And the loan is the best part. Hit up assumableguy.com or DM @the.assumable.guy on Instagram.