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The Assumable Mortgage Map of America (2026)

Government-backed loans (FHA, VA, USDA) are assumable by law — a qualified buyer can take over the seller's rate. The 2019-2021 vintage averages near 3%, against ~7% today. This index maps where that assumable cohort concentrates, from public HMDA origination data. VA loans are assumable by non-veterans, including for investment purchases — the most underused financing structure in rental investing.

AK: 39.4% of 2019-21 originations government-backed · index 100AK39.4%ME: 17.5% of 2019-21 originations government-backed · index 64ME17.5%VT: 11.8% of 2019-21 originations government-backed · index 50VT11.8%NH: 15.7% of 2019-21 originations government-backed · index 61NH15.7%WA: 17.7% of 2019-21 originations government-backed · index 70WA17.7%ID: 17.8% of 2019-21 originations government-backed · index 67ID17.8%MT: 20.2% of 2019-21 originations government-backed · index 68MT20.2%ND: 20.2% of 2019-21 originations government-backed · index 66ND20.2%MN: 13.3% of 2019-21 originations government-backed · index 61MN13.3%WI: 10.5% of 2019-21 originations government-backed · index 56WI10.5%MI: 14.7% of 2019-21 originations government-backed · index 65MI14.7%NY: 11.1% of 2019-21 originations government-backed · index 58NY11.1%MA: 9.9% of 2019-21 originations government-backed · index 55MA9.9%RI: 17.5% of 2019-21 originations government-backed · index 63RI17.5%OR: 16.7% of 2019-21 originations government-backed · index 67OR16.7%NV: 27.4% of 2019-21 originations government-backed · index 86NV27.4%WYSD: 21.3% of 2019-21 originations government-backed · index 69SD21.3%IA: 12.9% of 2019-21 originations government-backed · index 58IA12.9%IL: 15.9% of 2019-21 originations government-backed · index 67IL15.9%IN: 20.8% of 2019-21 originations government-backed · index 76IN20.8%OH: 18.6% of 2019-21 originations government-backed · index 72OH18.6%PA: 16.1% of 2019-21 originations government-backed · index 68PA16.1%NJ: 15.7% of 2019-21 originations government-backed · index 67NJ15.7%CT: 17.0% of 2019-21 originations government-backed · index 66CT17.0%CA: 13.6% of 2019-21 originations government-backed · index 63CA13.6%UT: 15.2% of 2019-21 originations government-backed · index 64UT15.2%CO: 19.6% of 2019-21 originations government-backed · index 74CO19.6%NE: 18.4% of 2019-21 originations government-backed · index 67NE18.4%MO: 21.6% of 2019-21 originations government-backed · index 77MO21.6%KY: 22.2% of 2019-21 originations government-backed · index 76KY22.2%WV: 27.6% of 2019-21 originations government-backed · index 82WV27.6%VA: 28.8% of 2019-21 originations government-backed · index 89VA28.8%MD: 26.3% of 2019-21 originations government-backed · index 85MD26.3%DE: 24.4% of 2019-21 originations government-backed · index 76DE24.4%AZ: 22.6% of 2019-21 originations government-backed · index 79AZ22.6%NM: 30.5% of 2019-21 originations government-backed · index 89NM30.5%KS: 20.7% of 2019-21 originations government-backed · index 72KS20.7%AR: 28.0% of 2019-21 originations government-backed · index 85AR28.0%TN: 24.8% of 2019-21 originations government-backed · index 82TN24.8%NC: 21.4% of 2019-21 originations government-backed · index 77NC21.4%SC: 27.3% of 2019-21 originations government-backed · index 87SC27.3%OK: 30.5% of 2019-21 originations government-backed · index 91OK30.5%LA: 29.9% of 2019-21 originations government-backed · index 90LA29.9%MS: 30.5% of 2019-21 originations government-backed · index 89MS30.5%AL: 29.4% of 2019-21 originations government-backed · index 90AL29.4%GA: 28.2% of 2019-21 originations government-backed · index 88GA28.2%HI: 22.4% of 2019-21 originations government-backed · index 73HI22.4%TX: 25.6% of 2019-21 originations government-backed · index 84TX25.6%FL: 26.0% of 2019-21 originations government-backed · index 85FL26.0%

80+ 60-79 40-59 <40 — Assumability Index: gov-backed share of 2019-21 originations (60%) + pool depth (40%), from public HMDA records. Tap a state for its markets.

#StateGov-backed loans 2019-21ShareIndex
1AK27,22439.4%100
2OK100,06630.5%91
3AL147,08529.4%90
4LA114,00829.9%90
5MS66,98230.5%89
6NM58,62530.5%89
7VA350,10828.8%89
8GA350,90028.2%88
9SC179,28727.3%87
10NV132,83427.4%86
11AR77,54728.0%85
12FL667,29126.0%85
13MD217,04626.3%85
14TX687,69925.6%84
15TN204,49924.8%82
16WV34,96827.6%82
17AZ287,91222.6%79
18MO155,16821.6%77
19NC292,35421.4%77
20DE34,06924.4%76
21IN175,35720.8%76
22KY101,47522.2%76
23CO240,51219.6%74
24HI35,31722.4%73
25KS58,50320.7%72
26OH239,76418.6%72
27WA231,28217.7%70
28SD20,46121.3%69
29MT26,87820.2%68
30PA208,56616.1%68

How to use this

High-index states are where under-market deals most often come attached to assumable low-rate notes. Per-listing assumable flags require loan-level verification — coming to Star Deals as remarks and title data land; until then, ask every listing agent one question: "Is the seller's loan FHA or VA?" Assumption concierges like Roam handle the paperwork in ~two dozen states.

Methodology: HMDA public origination records; index = state gov-backed share of 2019-21 originations (refinanced FHA/VA loans are assumable too) (60%) + pool depth (40%). State-cohort v1 — metro-level joins next. Not lending advice.

Selling a home with an assumable note — or an agent with one listed? Superstar placement (top of every feed, marked ★★) is free while we build the layer. Submissions open this week.

Home values and rents: Zillow ZHVI / ZORI, September 2026 metro figures. Factor scores are editorial estimates on public data. Last reviewed October 2026. Not investment advice — verify locally before acting. Methodology & sources.