FHA
Active
43$172,500$65,729 equity gap
- Rate
- 2.72%
7.40%today- Payment
- $499/mo
$850today
- 3beds
- 1baths
- 1,504sqft
Franklin, Kentucky
Assumable homes for salein Franklin, Kentucky.
2 homes in Franklin carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.72%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Franklin assumable market
by the numbers.
2active assumable listings
2.72%lowest locked rate
$226kmedian list price
$232saved per month vs. 7.2%
About the market
Assumable mortgagesin Franklin, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Kentucky, filtered to Franklin. Updated September 2026.
How assumptions work for buyersFranklin, Kentucky has 2 homes for sale with an assumable mortgage as of September 2026: 1 FHA loan and 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 Franklin assumable listings start at 2.72% with a median of 4.83%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Franklin lists for $226,200, with a median of $42,413 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 $1,132 a month versus $1,364 for the same balance at today's rate, roughly $232 kept every month and $2,783 a year. The most active Franklin ZIP codes are 42134 (2).
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 Franklin assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Franklin
View all 2 on the map Homes on the marketin Franklin.
VA
Active
21$318,000$138,614 equity gap
- Rate
- 2.87%
7.40%today- Payment
- $858/mo
$1,433today
- 3beds
- 2baths
- 1,527sqft
141 Thacker Dr, Portland
FHA
Active
33$585,000$301,426 equity gap
- Rate
- 2.90%
7.40%today- Payment
- $1,355/mo
$2,254today
- 4beds
- 3baths
- 3,153sqft
305 Lyon Dr, Portland
VA
Active
3$370,000$193,762 equity gap
- Rate
- 2.99%
7.40%today- Payment
- $856/mo
$1,408today
- 4beds
- 3baths
- 2,100sqft
512 W Market St, Portland
FHA
Active
33$339,900$161,176 equity gap
- Rate
- 3.21%
7.40%today- Payment
- $893/mo
$1,428today
- 4beds
- 2baths
- 1,746sqft
132 Kimberly St, Portland
FHA
Active
40$319,900$239,002 equity gap
- Rate
- 3.54%
7.40%today- Payment
- $534/mo
$819today
- 3beds
- 2baths
- 1,296sqft
100 Megann Dr, Portland
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 Franklin.
Live counts from the MLS feeds we index for Kentucky. Updated September 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 2.72%
- Median rate
- 4.83%
- Median list price
- $226,200
- Median cash to assume
- $42,413
Franklin listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Franklin listings by loan type
- FHA1 homemedian 2.72%
- VA1 homemedian 6.95%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Franklin ZIP code.
Each ZIP opens the Franklin map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Franklin numbers
What an assumable ratedoes to a Franklin payment.
The sliders start at the median Franklin assumable listing: $226,200 list price and a 4.83% 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)$40,000
18% 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 Franklin
$1,044/mo
New loan at 7.20%$1,256
Assumed at 4.85%
$1,044
Every month$211
Over five years$12,680
Interest you never pay$126,21426-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 Franklin listing on UMe shows the actual balance, rate, and payment.
How it works in Franklin
How to assumea mortgage in Franklin.
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 Franklin home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Franklin 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 $42,413 in Franklin 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 Franklin payment written in a different decade.
Franklin questions
Assuming a mortgagein Franklin.
The numbers below come from current Franklin inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Franklin?
As of September 2026, UMe tracks 2 active assumable listings in Franklin. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Franklin?
Current Franklin inventory breaks down as FHA (1, median 2.72%) and VA (1, median 6.95%). 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 Franklin?
The lowest rate on an active Franklin assumable listing is 2.72%, and the median across all 2 listings is 4.83%. 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 Franklin?
Across current Franklin listings, the median principal-and-interest payment on the assumable loan is $1,132 per month versus $1,364 for the same balance at today's rates, a difference of about $232 every month, or $2,783 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 Franklin?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Franklin that gap is currently a median of $42,413 on a median list price of $226,200. 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 Franklin ZIP codes have the most assumable homes?
The Franklin ZIP codes with the most active assumable listings are 42134 (2). 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 Franklin?
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.
Ready when you are
Stop overpaying for Franklin.The rate is already on the house.
Every listing on the Franklin map has a rate you can take over. Start with the ones in Franklin, get pre-qualified in minutes, and let UMe carry the assumption to closing.