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
Millington, Tennessee
Assumable homes for salein Millington, Tennessee.
1 home in Millington carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 6.78%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Millington assumable market
by the numbers.
1active assumable listing
6.78%lowest locked rate
$450kmedian list price
$208saved per month vs. 7.2%
About the market
Assumable mortgagesin Millington, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Millington. Updated October 2026.
How assumptions work for buyersMillington, 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 Millington assumable listings start at 6.78% with a median of 6.78%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Millington lists for $450,000, with a median of $48,462 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 $2,707 a month versus $2,915 for the same balance at today's rate, roughly $208 kept every month and $2,496 a year. The most active Millington ZIP codes are 38053 (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 Millington assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Millington
View all 1 on the map Homes on the marketin Millington.
FHA
Active
36$295,000$9,062 equity gap
- Rate
- 6.15%
7.40%today- Payment
- $1,824/mo
$2,074today
- 3beds
- 3baths
- 2,600sqft
6102 SUGAR TREE DR, Bartlett
FHA
Active
22$294,500$152,940 equity gap
- Rate
- 6.12%
7.40%today- Payment
- $881/mo
$1,004today
- 4beds
- 2baths
- 1,897sqft
3277 COURT ST, Bartlett
VA
Active
18$100,000$71,517 equity gap
- Rate
- 6.79%
7.40%today- Payment
- $494/mo
$525today
- 3beds
- 2baths
- 1,639sqft
3044 Egypt Central Rd, Memphis
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 Millington.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 6.78%
- Median rate
- 6.78%
- Median list price
- $450,000
- Median cash to assume
- $48,462
Millington listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Millington listings by loan type
- VA1 homemedian 6.78%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Millington ZIP code.
Each ZIP opens the Millington map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Millington numbers
What an assumable ratedoes to a Millington payment.
The sliders start at the median Millington assumable listing: $450,000 list price and a 6.78% 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)$50,000
11% 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 Millington
$2,736/mo
New loan at 7.20%$2,715
Assumed at 6.80%
$2,736
Every month$0
Over five years$0
Interest you never pay$123,83526-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 Millington listing on UMe shows the actual balance, rate, and payment.
How it works in Millington
How to assumea mortgage in Millington.
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 Millington home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Millington 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 $48,462 in Millington 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 Millington payment written in a different decade.
Millington questions
Assuming a mortgagein Millington.
The numbers below come from current Millington inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Millington?
As of October 2026, UMe tracks 1 active assumable listing in Millington. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Millington?
Current Millington inventory breaks down as VA (1, median 6.78%). 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 Millington?
The lowest rate on an active Millington assumable listing is 6.78%, and the median across all 1 listing is 6.78%. 0 listings are under 4% and 0 are under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Millington?
Across current Millington listings, the median principal-and-interest payment on the assumable loan is $2,707 per month versus $2,915 for the same balance at today's rates, a difference of about $208 every month, or $2,496 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 Millington?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Millington that gap is currently a median of $48,462 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 Millington ZIP codes have the most assumable homes?
The Millington ZIP codes with the most active assumable listings are 38053 (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 Millington?
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 Millington.The rate is already on the house.
Every listing on the Millington map has a rate you can take over. Start with the ones in Millington, get pre-qualified in minutes, and let UMe carry the assumption to closing.