2.99% FHA
$475,000
$314/mo
6093 County 24 Boulevard
Cannon Falls, MN
5 bd3 ba2,770 sqft
Cannon Falls, Minnesota
Keep the rate.
Buy the home in Cannon Falls.
7 assumable homes for sale in Cannon Falls, with locked rates from 2.99%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
6.24%
vs 7.2% market
$133/mo saved
Median locked rate
6.24%
Across 7 assumable listings
Typical monthly savings
$133
On a $469,000 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 Cannon Falls
Homes with a rate worth keeping
3.90% FHA
$375,000
$1,135/mo
7755 365th Street Way
Cannon Falls, MN
4 bd2 ba2,652 sqft
3.91% FHA
$475,000
$1,217/mo
23820 Main Street
Hampton, MN
4 bd1 ba1,630 sqft
6.24% VA
$484,900
$2,714/mo
5840 Highway 19 Boulevard
Cannon Falls, MN
3 bd6 ba3,542 sqft
6.71% FHA
$269,990
$1,572/mo
509 Mill Street
Cannon Falls, MN
3 bd2 ba1,384 sqft
7.44% FHA
$340,000
$1,904/mo
419 Mill Street
Cannon Falls, MN
4 bd2 ba2,029 sqft
Inventory snapshot
What’s assumable in Cannon Falls right now
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 7
- Certified / verified
- 0
- Lowest rate
- 2.99%
- Median rate
- 6.24%
- Median list price
- $469,000
- Median cash to assume
- $228,012
Listings by locked rate
- Under 4%3 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up4 homes
Listings by loan type
- FHA5 homesmedian 3.90%
- VA2 homesmedian 6.37%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Cannon Falls ZIP code
Nearby markets
More assumable homes in Minnesota
- Minneapolis94
- Saint Paul93
- Rosemount38
- Moorhead29
- Farmington28
- Woodbury26
- Owatonna25
- Rochester23
- Lakeville22
- Shakopee22
- Cottage Grove19
- Oakdale18
- Ramsey16
- Elk River15
- Faribault15
- Mankato15
- Brooklyn Park14
- Big Lake13
- Andover12
- Apple Valley12
- Brainerd12
- Burnsville12
- Ada
- Adams
Run your numbers
The cost of waiting in Cannon Falls.
A 7.2% new loan against an assumable one at 6.24%, same balance, 30 years.
You keep every month
$240/mo
Over a year$2,875
Monthly payment, side by side
7.2% vs 6.24%
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 Cannon Falls
Numbers below come from current Cannon Falls inventory and update as listings change.
- How many assumable homes are for sale in Cannon Falls?
- As of September 2026, UMe tracks 7 active assumable listings in Cannon Falls. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Cannon Falls?
- Current Cannon Falls inventory breaks down as FHA (5, median 3.90%) and VA (2, median 6.37%). 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 Cannon Falls right now?
- The lowest rate on an active Cannon Falls assumable listing is 2.99%, and the median across all 7 listings is 6.24%. 3 listings are under 4% and 3 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 Cannon Falls?
- Across current Cannon Falls listings, the median principal-and-interest payment on the assumable loan is $1,572 per month versus $1,705 for the same balance at today's rates, a difference of about $133 every month, or $1,596 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 Cannon Falls?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Cannon Falls that gap is currently a median of $228,012 on a median list price of $469,000. 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 Cannon Falls ZIP codes have the most assumable homes?
- The Cannon Falls ZIP codes with the most active assumable listings are 55009 (7). 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 Cannon Falls?
- 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 Cannon Falls.
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.
