FHA & VA Assumable Property Data

Assumable Mortgages in California

Explore assumable mortgage data for California. Discover FHA & VA assumable homes across Los Angeles, San Diego, Sacramento and the Bay Area with below-market rates.

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Public Mortgage Data — California

126,000
FHA/VA Acquired
4.1%
Median Note Rate
3,007
Census Tracts
6.5 yrs
Median Age
About This Market

Assumable Homes in California

California holds the largest inventory of assumable homes in the country, with over 126,000 FHA and VA assumable properties spread across 3,007 census tracts. In a state where median home prices routinely exceed $700,000, the ability to assume an existing obligation at a 4.1% median note rate carries exceptional financial weight.

The math is straightforward: on a $600,000 balance, a 4.1% rate versus a 7.5% new origination represents roughly $2,000 per month in payment difference. That gap makes assumable property one of the most searched real estate strategies in California right now.

Southern California — Los Angeles, San Diego, Riverside, and the Inland Empire — accounts for a large share of the state's assumable homes inventory. The Bay Area, Sacramento Valley, and Central Valley also carry meaningful concentrations of FHA and VA assumable properties, particularly in communities near military installations like Camp Pendleton, Travis Air Force Base, and Naval Base San Diego.

California's assumable property market skews slightly older than the national average at 6.5 years median age, meaning many of these obligations were originated during the 2018–2021 rate environment — precisely the window when rates were at or near historic lows. Our California data list gives buyers and agents census-tract-level visibility into where these properties are located, enabling targeted outreach before listings hit the open market.

Freddie Mac Historical Rates
Post-COVID Low
2020–2021 · All-time record lows
2.65–3.22%
Pre-Pandemic
2018–2019 · Stable growth era
3.94–4.54%
Recovery Era
2012–2017 · Post-crisis rebound
3.65–4.46%
Financial Crisis
2008–2011 · Volatility period
4.45–6.03%
Pre-Crisis Peak
2000–2007 · Housing boom years
5.94–8.05%
1990s Average
1990–1999 · High-rate decade
6.94–10.13%
1980s Peak
1981–1989 · Historic highs
10.19–18.63%

Source: Freddie Mac Primary Mortgage Market Survey

Common Questions

Frequently Asked Questions — California

How many assumable properties are in California?

California has approximately 126,000 FHA and VA assumable properties across 3,007 census tracts — the largest state inventory in our dataset.

What is the median note rate on California assumable homes?

The median note rate on California assumable property is 4.1%.

Are VA assumable homes common in California?

Yes. California has several major military installations, and VA assumable homes are well-represented in areas near Camp Pendleton, Travis AFB, and Naval Base San Diego.

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FHA and VA assumable homes with note rates and census-tract detail. Complete a quick inquiry to see available list options.

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  • Aguanga
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If it's assumable, we can get it even if you don't see your city listed here — no exceptions