2.98% VA
$235,000
$1,011/mo
300 State Street
Belle Plaine, MN
4 bd2 ba1,354 sqft
Cologne, Minnesota
Keep the rate.
Buy the home in Cologne.
1 assumable home for sale in Cologne, with locked rates from 6.32%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
6.32%
vs 7.2% market
$220/mo saved
Median locked rate
6.32%
Across 1 assumable listing
Typical monthly savings
$220
On a $319,900 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
FHA
Government-backed loans are assumable by law
Verified in Cologne
Homes with a rate worth keeping
2.74% FHA
$525,000
$1,699/mo
9142 Woodland Drive
Saint Bonifacius, MN
3 bd4 ba3,083 sqft
2.84% FHA
$575,000
$1,547/mo
4305 Cottagewood Court
Excelsior, MN
3 bd2 ba1,810 sqft
2.96% VA
$378,000
$1,065/mo
937 Cedar Street
Belle Plaine, MN
3 bd3 ba2,362 sqft
2.97% FHA
$589,900
$1,569/mo
16680 County Road 40
Carver, MN
3 bd2 ba1,924 sqft
3.49% FHA
$335,000
$1,105/mo
2431 Big Oak Lane
Mayer, MN
4 bd2 ba2,242 sqft
Inventory snapshot
What’s assumable in Cologne right now
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 1
- Certified / verified
- 0
- Lowest rate
- 6.32%
- Median rate
- 6.32%
- Median list price
- $319,900
- Median cash to assume
- $56,140
Listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Listings by loan type
- FHA1 homemedian 6.32%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Cologne ZIP code
Nearby markets
More assumable homes in Minnesota
- Minneapolis94
- Saint Paul93
- Rosemount38
- Moorhead29
- Farmington28
- Owatonna25
- Woodbury25
- 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 Cologne.
A 7.2% new loan against an assumable one at 6.32%, same balance, 30 years.
You keep every month
$150/mo
Over a year$1,797
Monthly payment, side by side
7.2% vs 6.32%
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 Cologne
Numbers below come from current Cologne inventory and update as listings change.
- How many assumable homes are for sale in Cologne?
- As of September 2026, UMe tracks 1 active assumable listing in Cologne. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Cologne?
- Current Cologne inventory breaks down as FHA (1, median 6.32%). 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 Cologne right now?
- The lowest rate on an active Cologne assumable listing is 6.32%, and the median across all 1 listing is 6.32%. 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 Cologne?
- Across current Cologne listings, the median principal-and-interest payment on the assumable loan is $1,701 per month versus $1,921 for the same balance at today's rates, a difference of about $220 every month, or $2,643 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 Cologne?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Cologne that gap is currently a median of $56,140 on a median list price of $319,900. 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 Cologne ZIP codes have the most assumable homes?
- The Cologne ZIP codes with the most active assumable listings are 55322 (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 Cologne?
- 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 Cologne.
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.
