FHA assumable loans are very popular especially when mortgage rates go up. When this happens, people tend to look for FHA loans due to the fact that the seller may have had the loan for a long time already which means that the buyer will get the interest rate that the seller originally got. People look for these FHA assumable loans also if they have a bad credit history because bad credit will definitely make a person’s interest rate sky rocket. The Fha assumable loans all revolve around the interest rate and that is the main reason that these loans are so popular.