When you hear "buy my mortgage," you're usually looking at one of two very different financial strategies: , where a buyer takes over your existing loan, or selling a mortgage note , which applies to private lenders who want a lump sum. Can Someone Else Take Over My Mortgage?

: Government-backed loans like FHA , VA , and USDA are typically assumable. For example, a buyer might assume a 3% interest rate from an older loan rather than taking out a new one at current market rates.

This is known as a or assumption . In this scenario, the new owner takes on your original interest rate, monthly payments, and remaining balance.