Mortgage assumption amount
Records the dollar amount of the seller's existing home loan that a buyer could take over instead of getting a new mortgage. This only applies to certain government-backed loans (FHA, VA, and USDA) where the lender allows the loan to transfer to the new owner. Most standard home loans do not allow this, so only a small share of properties will have a value here.
Coverage
For how many people does Faraday have a value for this attribute? Depending on the type of attribute, Faraday could know a value for people at the individual level, or infer it based on values it knows for each person's address. Finally, in some cases, we can estimate a value for a person based on what we know about other people in their area.
Time series
Faraday collects observations for this attribute over time. This chart shows how many observations we collected at different times.
Data distribution
Technical details
These technical details describe how Faraday represents this attribute internally.
| Property | Value | API value |
|---|---|---|
| API name | mortgage_ | |
| Category | Financial | fig/financial |
| Unit | USD | USD |
| Type | Integer | long |
| Statistical type | Ratio | ratio |
| Allowed values | Not applicable | null |
| Deprecation | Not deprecated | false |
| Derivations | Unspecified | ["unspecified"] |
| Directionality | Higher number means higher monetary value. | |