2.38% VA
$425,000
$1,458/mo
1935 Bay City Place
El Paso, TX
5 bd3 ba— sqft
Socorro, Texas
Keep the rate.
Buy the home in Socorro.
21 assumable homes for sale in Socorro, with locked rates from 2.98%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
6.56%
vs 7.2% market
$266/mo saved
Median locked rate
6.56%
Across 21 assumable listings
Typical monthly savings
$266
On a $245,000 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 Socorro
Homes with a rate worth keeping
2.88% FHA
$314,950
$1,239/mo
991 HULL Street
El Paso, TX
3 bd2 ba— sqft
3.10% VA
$284,950
$1,131/mo
15028 Resolve Drive
El Paso, TX
3 bd2 ba— sqft
3.45% VA
$298,000
$1,230/mo
12517 PASEO RAE Avenue
El Paso, TX
3 bd3 ba— sqft
2.84% VA
$299,000
$975/mo
14504 JACLYN MARIE Street
El Paso, TX
4 bd3 ba— sqft
2.87% VA
$269,000
$933/mo
2508 PLAYA
El Paso, TX
4 bd2 ba— sqft
Inventory snapshot
What’s assumable in Socorro right now
Live counts from the MLS feeds we index for Texas. Updated September 2026.
- Active listings
- 21
- Certified / verified
- 0
- Lowest rate
- 2.98%
- Median rate
- 6.56%
- Median list price
- $245,000
- Median cash to assume
- $63,794
Listings by locked rate
- Under 4%5 homes
- 4% – 5%1 home
- 5% – 6%3 homes
- 6% and up12 homes
Listings by loan type
- FHA17 homesmedian 6.56%
- VA4 homesmedian 6.06%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Socorro ZIP code
Nearby markets
More assumable homes in Texas
- El Paso457
- Horizon City43
- Canutillo5
- Anthony4
- San Elizario3
- Alpine
- Clint
- Dell City
- Fabens
- Fort Hancock
- Marfa
- Pecos
- Salt Flat
- Sierra Blanca
- Tornillo
- Van Horn
- Vinton
Run your numbers
The cost of waiting in Socorro.
A 7.2% new loan against an assumable one at 6.56%, same balance, 30 years.
You keep every month
$84/mo
Over a year$1,006
Monthly payment, side by side
7.2% vs 6.56%
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 Socorro
Numbers below come from current Socorro inventory and update as listings change.
- How many assumable homes are for sale in Socorro?
- As of September 2026, UMe tracks 21 active assumable listings in Socorro. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Socorro?
- Current Socorro inventory breaks down as FHA (17, median 6.56%) and VA (4, median 6.06%). 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 Socorro right now?
- The lowest rate on an active Socorro assumable listing is 2.98%, and the median across all 21 listings is 6.56%. 5 listings are under 4% and 6 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 Socorro?
- Across current Socorro listings, the median principal-and-interest payment on the assumable loan is $1,118 per month versus $1,385 for the same balance at today's rates, a difference of about $266 every month, or $3,197 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 Socorro?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Socorro that gap is currently a median of $63,794 on a median list price of $245,000. 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 Socorro ZIP codes have the most assumable homes?
- The Socorro ZIP codes with the most active assumable listings are 79927 (21). 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 Socorro?
- 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 Socorro.
Every listing on the map has a rate you can take over. Start with the ones in Texas, or list your own low-rate loan and let buyers come to you.
