Take title. Keep their mortgage. Skip the bank.
Subject-To means you take ownership of the home — the deed transfers to you — while the seller's existing mortgage stays in place. You continue their monthly payments at their original interest rate. For loans originated in 2020–2021, that rate is often 2.5%–4%, vs. today's 7%+ — sometimes the cheapest financing in the entire market.
Step by step.
Match a listing
Every Re-lo subject-to listing shows the assumed rate, remaining balance, and current monthly P&I up front. Pick one that fits your monthly carry.
Negotiate the structure
You and the seller agree on a price — usually their current loan balance plus modest equity. Re-lo's advisor network handles the paperwork: deed transfer, performance mortgage, trust language.
Close in 21–45 days
No bank underwriting; no appraisal contingency tied to a new loan. Title insurance and attorney review still happen. You move in.
Make the payments
Payments continue on the seller's loan, often through a third-party servicing company so both sides have a clean audit trail.
Best fit.
- Buyers without traditional mortgage approval (self-employed, newcomers, recovering credit)
- Buyers who want today's home at yesterday's interest rate
- Investors building a cash-flowing portfolio without depleting bank-approval bandwidth
Before you start.
- Down payment to cover the seller's equity (varies widely — often 5%–20% of price)
- Cash to cover closing costs, title insurance, and any reserves
- A real-estate attorney experienced in subject-to (we refer)
- Discipline to make the underlying mortgage payment on time, every time
Risks & trade-offs.
Every acquisition strategy has trade-offs. Going in with eyes open is the difference between a great deal and a painful one.
- Due-on-sale clause: the lender CAN call the loan if they discover the transfer. In practice, performing loans are rarely called — but it's not zero risk.
- Insurance: you'll need a new policy in your name; some carriers won't write subject-to. Re-lo's advisor network knows which will.
- Seller still on the loan: if you stop paying, their credit suffers. Most deals use a performance mortgage or trust to protect both parties.
FAQ.
Still curious? Re-lo’s advisors can walk you through a specific scenario.
Is subject-to legal?
Whose name is the loan in?
Can I refinance later?
What if the lender calls the loan due?
Browse subject-to listings in Florida.
Every Re-lo listing tells you the exact terms — rate, balance, monthly carry, what you’ll need to bring to close — before you ever fill out a form.