LERA MLS has partnered with RetroRate, a platform designed to help agents and buyers uncover and leverage assumable loan opportunities within the MLS.
With mortgage interest rates continuing to impact buyer affordability, assumable loans can offer a significant advantage by allowing buyers to take over a seller’s existing mortgage — often at a lower interest rate than what’s currently available. In today’s market, this can translate to meaningful monthly savings.
RetroRate pulls directly from MLS data to automatically identify potential assumable listings and provide clear insights, making these opportunities easier for members to access and act on. The tool is now available within LERA MLS.
What Is an Assumable Loan?
An assumable loan allows a buyer to take over a seller’s existing mortgage, including the original interest rate and loan terms, subject to approval by the loan servicer. Many assumable mortgages are government-backed loans, such as VA and FHA loans, which may allow qualified buyers to assume the seller’s existing financing rather than obtaining a new mortgage at current market rates.
What RetroRate Provides
RetroRate offers features designed to help MLS users find, evaluate, and act on assumable loan opportunities.
- Find assumable listings: RetroRate surfaces properties that may have assumable loans, even when that information was not included during MLS input.
- Estimate payments and savings: Estimated payments, interest rates, and potential monthly savings compared to current market rates are displayed to provide clear financial context.
- Connect listings with qualified buyers: By highlighting financing advantages, RetroRate helps agents better match listings with buyers who can benefit from assumable loans.
- Increase listing visibility: Listings with assumable loan potential can stand out to buyers searching for affordability opportunities.
How Subscribers Access RetroRate
LERA subscribers can access RetroRate through their existing LERA single sign-on — no separate account is required.
To get started:
- Log in to your One Access Dashboard
- Navigate to MLS Resources
- Select RetroRate
If you need assistance logging in, RetroRate support is available at (858) 867-8905 or support@retrorate.com.
Understanding Listing Categories
RetroRate organizes listings into three categories based on the level of detail and visibility provided:
- All Assumable Listings Every listing RetroRate has identified as potentially assumable appears here, whether or not the agent has advertised it.
- Promoted Listings (Included) Listings where the agent has added assumable rate details in the MLS remarks. This helps listings stand out to buyers and signals that key information is already available.
- RetroRate Verified Listings An optional enhanced service available through RetroRate where loan details are confirmed directly with the servicer, and additional support is provided to help guide assumable transactions. These listings may receive increased visibility within the platform.
*Additional fees apply for this option. For pricing and support, please contact RetroRate at (858) 867-8905 or support@retrorate.com.
Listing Alert Notifications
As part of this partnership, suscribers will receive an automated email from RetroRate when one of their active listings is identified as potentially assumable. This notification serves as a heads-up that the listing is already being surfaced and outlines next steps:
- Update MLS remarks to include assumable rate details and move into the Promoted (Included) tier
- Work with RetroRate to access additional verification and support options through the Verified tier
Learn More
Have questions about how assumable loans work or how RetroRate identifies listings?
View RetroRate FAQs
For questions about this feature, please contact the MLS team at mlsinfo@leramls.com or 210-530-8760.
Download the quick guide
