2.81% FHA
$190,900
$662/mo
862 Village Circle
Rochester, MN
2 bd2 ba1,024 sqft
Rochester, Minnesota
Keep the rate.
Buy the home in Rochester.
23 assumable homes for sale in Rochester, with locked rates from 2.31%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
3.80%
vs 7.2% market
$530/mo saved
Median locked rate
3.80%
Across 23 assumable listings
Typical monthly savings
$530
On a $289,900 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 Rochester
Homes with a rate worth keeping
2.96% FHA
$254,900
$947/mo
5155 61st Street
Rochester, MN
2 bd2 ba1,350 sqft
3.02% VA
$410,000
$1,480/mo
4480 Portage Street
Rochester, MN
4 bd3 ba2,966 sqft
2.71% FHA
$235,000
$677/mo
311 4th Avenue
Stewartville, MN
2 bd1 ba956 sqft
2.94% FHA
$177,500
$581/mo
212 8th Street
Rochester, MN
2 bd1 ba1,088 sqft
2.31% FHA
$329,900
$117/mo
2640 59th Street
Rochester, MN
4 bd2 ba1,541 sqft
Inventory snapshot
What’s assumable in Rochester right now
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 23
- Certified / verified
- 0
- Lowest rate
- 2.31%
- Median rate
- 3.80%
- Median list price
- $289,900
- Median cash to assume
- $126,399
Listings by locked rate
- Under 4%13 homes
- 4% – 5%2 homes
- 5% – 6%3 homes
- 6% and up5 homes
Listings by loan type
- FHA18 homesmedian 4.00%
- VA5 homesmedian 3.02%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Rochester ZIP code
Nearby markets
More assumable homes in Minnesota
- Minneapolis94
- Saint Paul93
- Rosemount38
- Moorhead29
- Farmington28
- Woodbury26
- Owatonna25
- Lakeville22
- Shakopee22
- Cottage Grove19
- Oakdale18
- Ramsey16
- Elk River15
- Faribault15
- Mankato15
- Brooklyn Park14
- Big Lake13
- Andover12
- Apple Valley12
- Brainerd12
- Burnsville12
- Ada
- Adams
- Adrian
Run your numbers
The cost of waiting in Rochester.
A 7.2% new loan against an assumable one at 3.80%, same balance, 30 years.
You keep every month
$494/mo
Over a year$5,925
Monthly payment, side by side
7.2% vs 3.80%
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 Rochester
Numbers below come from current Rochester inventory and update as listings change.
- How many assumable homes are for sale in Rochester?
- As of September 2026, UMe tracks 23 active assumable listings in Rochester. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Rochester?
- Current Rochester inventory breaks down as FHA (18, median 4.00%) and VA (5, median 3.02%). 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 Rochester right now?
- The lowest rate on an active Rochester assumable listing is 2.31%, and the median across all 23 listings is 3.80%. 13 listings are under 4% and 15 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 Rochester?
- Across current Rochester listings, the median principal-and-interest payment on the assumable loan is $949 per month versus $1,479 for the same balance at today's rates, a difference of about $530 every month, or $6,364 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 Rochester?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Rochester that gap is currently a median of $126,399 on a median list price of $289,900. 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 Rochester ZIP codes have the most assumable homes?
- The Rochester ZIP codes with the most active assumable listings are 55901 (10), 55904 (5), 55906 (5), and 55902 (3). 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 Rochester?
- 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 Rochester.
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.
