FHATop pick
Active
27$230,000$22,856 equity gap
- Rate
- 2.96%
7.40%today- Payment
- $980/mo
$1,618today
- 2beds
- 2baths
- 812sqft
Coon Rapids, Minnesota
Assumable homes for salein Coon Rapids, Minnesota.
18 homes in Coon Rapids carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.83%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Coon Rapids assumable market
by the numbers.
18active assumable listings
2.83%lowest locked rate
$274kmedian list price
$570saved per month vs. 7.2%
About the market
Assumable mortgagesin Coon Rapids, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Coon Rapids. Updated October 2026.
How assumptions work for buyersCoon Rapids, Minnesota has 18 homes for sale with an assumable mortgage as of October 2026: 15 FHA loans and 3 VA loans that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active Coon Rapids assumable listings start at 2.83% with a median of 3.92%; 10 listings are under 4% and 12 are under 5%.
The median assumable home in Coon Rapids lists for $274,250, with a median of $94,166 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $1,067 a month versus $1,637 for the same balance at today's rate, roughly $570 kept every month and $6,846 a year. The most active Coon Rapids ZIP codes are 55433 (9) and 55448 (9).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most Coon Rapids assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Coon Rapids
View all 18 on the map Homes on the marketin Coon Rapids.
FHA
Active
38$295,000$59,215 equity gap
- Rate
- 2.81%
7.40%today- Payment
- $1,105/mo
$1,860today
- 3beds
- 2baths
- 2,234sqft
5355 Northport Drive, Brooklyn Center
FHA
Active
45$389,900$45,404 equity gap
- Rate
- 2.87%
7.40%today- Payment
- $1,603/mo
$2,677today
- 3beds
- 4baths
- 2,250sqft
1157 Rose Lane, New Brighton
FHA
Active
23$293,000$52,091 equity gap
- Rate
- 2.87%
7.40%today- Payment
- $1,124/mo
$1,876today
- 3beds
- 3baths
- 1,702sqft
4403 Zane Avenue, Crystal
FHA
Active
38$275,000$52,977 equity gap
- Rate
- 2.98%
7.40%today- Payment
- $1,053/mo
$1,734today
- 4beds
- 2baths
- 1,824sqft
3236 James Avenue, Minneapolis
FHA
Active
38$250,000$43,471 equity gap
- Rate
- 3.02%
7.40%today- Payment
- $982/mo
$1,608today
- 4beds
- 1baths
- 2,366sqft
2323 Ilion Avenue, Minneapolis
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
Inventory snapshot
What’s in the mixin Coon Rapids.
Live counts from the MLS feeds we index for Minnesota. Updated October 2026.
- Active listings
- 18
- UMe Certified / verified
- 0
- Lowest rate
- 2.83%
- Median rate
- 3.92%
- Median list price
- $274,250
- Median cash to assume
- $94,166
Coon Rapids listings by locked rate
- Under 4%10 homes
- 4% – 5%2 homes
- 5% – 6%1 home
- 6% and up5 homes
Coon Rapids listings by loan type
- FHA15 homesmedian 3.88%
- VA3 homesmedian 5.30%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Coon Rapids ZIP code.
Each ZIP opens the Coon Rapids map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Coon Rapids numbers
What an assumable ratedoes to a Coon Rapids payment.
The sliders start at the median Coon Rapids assumable listing: $274,250 list price and a 3.92% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
Cash to assume (seller’s equity)$95,000
35% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in Coon Rapids
$919/mo
New loan at 7.20%$1,222
Assumed at 3.90%
$919
Every month$303
Over five years$18,176
Interest you never pay$153,16126-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Coon Rapids listing on UMe shows the actual balance, rate, and payment.
How it works in Coon Rapids
How to assumea mortgage in Coon Rapids.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find a Coon Rapids home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Coon Rapids map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance, a median of $94,166 in Coon Rapids today. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and a Coon Rapids payment written in a different decade.
Coon Rapids questions
Assuming a mortgagein Coon Rapids.
The numbers below come from current Coon Rapids inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Coon Rapids?
As of October 2026, UMe tracks 18 active assumable listings in Coon Rapids. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Coon Rapids?
Current Coon Rapids inventory breaks down as FHA (15, median 3.88%) and VA (3, median 5.30%). 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 Coon Rapids?
The lowest rate on an active Coon Rapids assumable listing is 2.83%, and the median across all 18 listings is 3.92%. 10 listings are under 4% and 12 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 Coon Rapids?
Across current Coon Rapids listings, the median principal-and-interest payment on the assumable loan is $1,067 per month versus $1,637 for the same balance at today's rates, a difference of about $570 every month, or $6,846 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 Coon Rapids?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Coon Rapids that gap is currently a median of $94,166 on a median list price of $274,250. 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 Coon Rapids ZIP codes have the most assumable homes?
The Coon Rapids ZIP codes with the most active assumable listings are 55433 (9) and 55448 (9). 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 Coon Rapids?
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.
Nearby markets
All of Minnesota More assumable homesin Minnesota.
Ready when you are
Stop overpaying for Coon Rapids.The rate is already on the house.
Every listing on the Coon Rapids map has a rate you can take over. Start with the ones in Coon Rapids, get pre-qualified in minutes, and let UMe carry the assumption to closing.