2.50% VA
$525,000
$1,920/mo
3108 Elliot Avenue
Minneapolis, MN
9 bd3 ba3,052 sqft
Mounds View, Minnesota
Keep the rate.
Buy the home in Mounds View.
Assumable mortgages let you take over a seller’s existing low-rate loan instead of financing at today’s 7.2%. These are the ones we’ve verified in Mounds View.
Avg. assumable rate
2.82%
vs 7.2% market
$800/mo saved
Average locked rate
2.82%
Across 6 assumable listings
Typical monthly savings
$800
On a $374,483 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
VA · FHA
Government-backed loans are assumable by law
Verified in Mounds View
Homes with a rate worth keeping
2.81% FHA
$280,000
$1,105/mo
5355 Northport Drive
Brooklyn Center, MN
3 bd2 ba2,234 sqft
2.84% FHA
$384,900
$1,472/mo
904 9th Avenue
Minneapolis, MN
6 bd2 ba2,376 sqft
2.86% VA
$405,000
$1,603/mo
1233 Maywood Street
Saint Paul, MN
4 bd2 ba2,878 sqft
2.94% FHA
$302,000
$1,356/mo
1472 Concordia Avenue
Saint Paul, MN
3 bd3 ba1,776 sqft
2.96% VA
$350,000
$1,416/mo
4107 Russell Avenue
Minneapolis, MN
4 bd3 ba1,528 sqft
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 Mounds View.
A 7.2% new loan against an assumable one at 2.82%, same balance, 30 years.
You keep every month
$800/mo
Over a year$9,606
Monthly payment, side by side
7.2% vs 2.82%
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 Mounds View
Numbers below come from current Mounds View inventory and update as listings change.
- Are there assumable homes for sale in Mounds View?
- As of September 2026, there are no verified assumable listings in Mounds View. New assumable homes appear every week across Minnesota; save a search on the map and we will email you when one lands in Mounds View.
- What types of loans can be assumed in Mounds View?
- FHA, VA, and USDA mortgages are assumable by law and make up nearly all assumable listings in Minnesota. Conventional loans usually include a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan.
- How long does a mortgage assumption take in Mounds View?
- 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 Mounds View.
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.
