3.08% FHA
$320,000
$1,485/mo
1497 Homestead Street
Shakopee, MN
4 bd2 ba2,130 sqft
Minnesota · Statewide
Keep the rate.
Buy the home in Minnesota.
1,410 assumable homes for sale in Minnesota, with locked rates from 2.15%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
4.37%
vs 7.2% market
$506/mo saved
Median locked rate
4.37%
Across 1410 assumable listings
Typical monthly savings
$506
On a $335,450 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
FHA · VA
Government-backed loans are assumable by law
Verified in Minnesota
Homes with a rate worth keeping
2.93% FHA
$191,900
$823/mo
118 1st Street
Faribault, MN
4 bd3 ba1,864 sqft
2.50% VA
$525,000
$1,920/mo
3108 Elliot Avenue
Minneapolis, MN
9 bd3 ba3,052 sqft
2.50% FHA
$209,900
$799/mo
1188 Edgerton Street
Saint Paul, MN
3 bd2 ba1,371 sqft
2.71% FHA
$385,000
$1,451/mo
7569 184th Street
Lakeville, MN
4 bd4 ba2,480 sqft
2.77% FHA
$365,000
$1,475/mo
715 Boulder Pass Street
Jordan, MN
3 bd2 ba1,582 sqft
Inventory snapshot
What’s assumable in Minnesota right now
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 1,410
- Certified / verified
- 0
- Lowest rate
- 2.15%
- Median rate
- 4.37%
- Median list price
- $335,450
- Median cash to assume
- $122,229
Listings by locked rate
- Under 4%598 homes
- 4% – 5%185 homes
- 5% – 6%107 homes
- 6% and up467 homes
Listings by loan type
- FHA936 homesmedian 4.45%
- VA474 homesmedian 4.17%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Minnesota ZIP code
- 55068
38 assumable homes · median 4.88%
median $409,900
- 55024
29 assumable homes · median 4.47%
median $424,900
- 56560
29 assumable homes · median 4.01%
median $260,000
- 55106
28 assumable homes · median 3.73%
median $257,500
- 55303
26 assumable homes · median 4.51%
median $349,750
- 55060
25 assumable homes · median 5.41%
median $334,000
- 55379
23 assumable homes · median 4.05%
median $318,000
- 55376
22 assumable homes · median 4.93%
median $438,750
Across Minnesota
Assumable homes by Minnesota city
Run your numbers
The cost of waiting in Minnesota.
A 7.2% new loan against an assumable one at 4.37%, same balance, 30 years.
You keep every month
$482/mo
Over a year$5,782
Monthly payment, side by side
7.2% vs 4.37%
How an assumption works
Three steps. One lower payment.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written.
- 01
Find a locked rate
Every listing here carries an existing FHA, VA, or USDA loan you can take over. Filter by rate, payment, or down payment.
- 02
Qualify with the servicer
You apply with the current lender, not a new one. Our team handles the paperwork and the timeline.
- 03
Close and keep the rate
The seller’s balance, rate, and remaining term become yours. No points, no rate shopping, no reset to 30 years.
Questions
Assuming a mortgage in Minnesota
Numbers below come from current Minnesota inventory and update as listings change.
- How many assumable homes are for sale in Minnesota?
- As of September 2026, UMe tracks 1,410 active assumable listings in Minnesota. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Minnesota?
- Current Minnesota inventory breaks down as FHA (936, median 4.45%) and VA (474, median 4.17%). 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 Minnesota right now?
- The lowest rate on an active Minnesota assumable listing is 2.15%, and the median across all 1,410 listings is 4.37%. 598 listings are under 4% and 783 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 Minnesota?
- Across current Minnesota listings, the median principal-and-interest payment on the assumable loan is $1,147 per month versus $1,653 for the same balance at today's rates, a difference of about $506 every month, or $6,077 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 Minnesota?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Minnesota that gap is currently a median of $122,229 on a median list price of $335,450. 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 Minnesota cities have the most assumable homes?
- Right now the deepest assumable inventory in Minnesota is in Minneapolis (94), Saint Paul (93), Rosemount (38), Saint Cloud (33), and Moorhead (29). Each city has its own page with live counts, rates, and neighborhoods, and the Minnesota map lets you search the whole state at once.
- How long does a mortgage assumption take in Minnesota?
- 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 Minnesota.
Every listing on the map has a rate you can take over. Start with the ones in Minnesota, or list your own low-rate loan and let buyers come to you.
