Can I assume the seller's low-rate mortgage on a Mount Pleasant condo or house?

Assuming a seller's mortgage on a Mount Pleasant property is possible only if the existing loan is assumable, which generally means an FHA or VA loan, since most conventional loans include a due-on-sale clause that blocks it. The buyer still has to qualify with the lender and the seller typically remains on the hook unless formally released. Brian Beatty checks a listing's loan type early when a buyer is hoping to assume a low rate.