VA
Active
34$325,000$68,265 equity gap
- Rate
- 2.99%
7.40%today- Payment
- $1,208/mo
$1,986today
- 4beds
- 3baths
- 3,062sqft
Collierville, Tennessee
Assumable homes for salein Collierville, Tennessee.
1 home in Collierville carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 3.68%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Collierville assumable market
by the numbers.
1active assumable listing
3.68%lowest locked rate
$450kmedian list price
$345saved per month vs. 7.2%
About the market
Assumable mortgagesin Collierville, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Collierville. Updated October 2026.
How assumptions work for buyersCollierville, Tennessee has 1 home for sale with an assumable mortgage as of October 2026: 1 VA loan that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active Collierville assumable listings start at 3.68% with a median of 3.68%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Collierville lists for $450,000, with a median of $450,000 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $1,223 a month versus $1,569 for the same balance at today's rate, roughly $345 kept every month and $4,145 a year. The most active Collierville ZIP codes are 38017 (1).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most Collierville assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Collierville
View all 1 on the map Homes on the marketin Collierville.
VA
Active
36$722,000$463,529 equity gap
- Rate
- 2.97%
7.40%today- Payment
- $1,227/mo
$2,023today
- 4beds
- 6baths
- 5,011sqft
8449 LANSINGWOOD CV, Germantown
VA
Active
40$450,000$450,000 equity gap
- Rate
- 3.68%
7.40%today- Payment
- $1,223/mo
$1,557today
- 4beds
- 3baths
- 2,446sqft
878 CONCORDIA CV, Collierville
VA
Active
33$449,000Potential short sale
- Rate
- 6.51%
7.40%today- Payment
- $2,902/mo
$3,176today
- 4beds
- 3baths
- 2,596sqft
2096 ALLENBY RD, Memphis
VA
Active
40$735,000$50,199 equity gap
- Rate
- 6.64%
7.40%today- Payment
- $4,457/mo
$4,812today
- 5beds
- 5baths
- 5,600sqft
472 TREE TOP CV, Cordova
FHA
Active
12$475,000$38,180 equity gap
- Rate
- 6.84%
7.40%today- Payment
- $2,892/mo
$3,059today
- 5beds
- 4baths
- 3,945sqft
2339 MEVERETT LN, Cordova
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
Inventory snapshot
What’s in the mixin Collierville.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 3.68%
- Median rate
- 3.68%
- Median list price
- $450,000
- Median cash to assume
- $450,000
Collierville listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up0 homes
Collierville listings by loan type
- VA1 homemedian 3.68%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Collierville ZIP code.
Each ZIP opens the Collierville map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Collierville numbers
What an assumable ratedoes to a Collierville payment.
The sliders start at the median Collierville assumable listing: $450,000 list price and a 3.68% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
Cash to assume (seller’s equity)$400,000
89% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in Collierville
$250/mo
New loan at 7.20%$339
Assumed at 3.70%
$250
Every month$90
Over five years$5,379
Interest you never pay$44,26326-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Collierville listing on UMe shows the actual balance, rate, and payment.
How it works in Collierville
How to assumea mortgage in Collierville.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find a Collierville home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Collierville map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance, a median of $450,000 in Collierville today. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and a Collierville payment written in a different decade.
Collierville questions
Assuming a mortgagein Collierville.
The numbers below come from current Collierville inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Collierville?
As of October 2026, UMe tracks 1 active assumable listing in Collierville. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Collierville?
Current Collierville inventory breaks down as VA (1, median 3.68%). FHA, VA, and USDA mortgages are assumable by law, which is why they make up nearly all assumable listings. Conventional loans usually carry a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan, though the seller's entitlement stays tied up unless you substitute your own.
What is the lowest assumable mortgage rate in Collierville?
The lowest rate on an active Collierville assumable listing is 3.68%, and the median across all 1 listing is 3.68%. 1 listing is under 4% and 1 is under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Collierville?
Across current Collierville listings, the median principal-and-interest payment on the assumable loan is $1,223 per month versus $1,569 for the same balance at today's rates, a difference of about $345 every month, or $4,145 a year. The savings compound because you also keep the seller's remaining term instead of restarting a 30-year clock.
How much money do I need to assume a home in Collierville?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Collierville that gap is currently a median of $450,000 on a median list price of $450,000. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.
Which Collierville ZIP codes have the most assumable homes?
The Collierville ZIP codes with the most active assumable listings are 38017 (1). Use the map to draw your own boundary or filter by rate, payment, and down payment inside any of them.
How long does a mortgage assumption take in Collierville?
Most FHA and VA assumptions close in 45 to 90 days. The loan servicer, not a new lender, underwrites you, and servicer turnaround is the main variable. UMe tracks the file with the servicer and the listing agent so nothing stalls, and every listing shows whether the assumption has already been confirmed with the seller's side.
Nearby markets
All of Tennessee More assumable homesin Tennessee.
Ready when you are
Stop overpaying for Collierville.The rate is already on the house.
Every listing on the Collierville map has a rate you can take over. Start with the ones in Collierville, get pre-qualified in minutes, and let UMe carry the assumption to closing.