Assumable Mortgages in Texas

Assumable Homes in Texas

Texas has the largest assumable property inventory of any state in our dataset, with approximately 214,000 FHA and VA assumable homes spread across 5,265 census tracts. The state's combination of massive population, large military footprint, and high FHA origination rates during the low-rate era has created an unmatched pool of assumable homes.

The median note rate of 3.5% is the lowest in our dataset — and at a median age of 6.8 years, many Texas assumable obligations date to the 2018–2021 period when rates were at or near historic lows. For buyers in Houston, Dallas–Fort Worth, San Antonio, and Austin — all of which have seen significant price appreciation since 2020 — assuming an existing obligation at 3.5% versus originating new can represent $1,000 to $2,500 per month in payment savings depending on the purchase price.

San Antonio's military presence — Fort Sam Houston, Lackland AFB, Randolph AFB, and Camp Bullis — makes it one of the top VA assumable homes markets in the country. Killeen–Fort Hood (now Fort Cavazos), El Paso (Fort Bliss), and Wichita Falls (Sheppard AFB) also generate dense VA assumable property inventory.

Houston and Dallas–Fort Worth carry the largest FHA assumable homes inventories in the state, with concentration in the suburban rings of both metros. Our Texas data list covers all 254 counties at the census-tract level.