Which types of loans are assumable?

In most cases, in order to find an assumable loan, you will have to purchase a house that has a government-backed loan on it. For example, the most common type of loan that is assumable is a VA loan. The Veteran's Administration has backed many loans over the years, and they previously made it possible to assume their loans. The FHA also has a few loans that are assumable. This provides more options, as someone can qualify for these loans without having served in the military at some point. In some cases, loans from traditional mortgage lenders are also assumable.