VA
Active
42$354,777$51,359 equity gap
- Rate
- 2.78%
7.40%today- Payment
- $1,401/mo
$2,367today
- 4beds
- 2baths
- 2,012sqft
Lakeville, Minnesota
Assumable homes for salein Lakeville, Minnesota.
26 homes in Lakeville carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.74%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Lakeville assumable market
by the numbers.
26active assumable listings
2.74%lowest locked rate
$490kmedian list price
$844saved per month vs. 7.2%
About the market
Assumable mortgagesin Lakeville, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Lakeville. Updated October 2026.
How assumptions work for buyersLakeville, Minnesota has 26 homes for sale with an assumable mortgage as of October 2026: 15 FHA loans and 11 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 Lakeville assumable listings start at 2.74% with a median of 4.17%; 12 listings are under 4% and 16 are under 5%.
The median assumable home in Lakeville lists for $489,900, with a median of $188,975 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 $1,489 a month versus $2,333 for the same balance at today's rate, roughly $844 kept every month and $10,122 a year. The most active Lakeville ZIP codes are 55044 (24) and 55024 (2).
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 Lakeville assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Lakeville
View all 26 on the map Homes on the marketin Lakeville.
VA
Active
44$425,000$67,279 equity gap
- Rate
- 2.86%
7.40%today- Payment
- $1,652/mo
$2,762today
- 3beds
- 2baths
- 1,960sqft
10470 169th Street, Lakeville
VA
Active
24$260,000$47,271 equity gap
- Rate
- 2.87%
7.40%today- Payment
- $992/mo
$1,657today
- 3beds
- 3baths
- 1,760sqft
1005 105th Street, Bloomington
FHA
Active
4$125,000$24,310 equity gap
- Rate
- 3.03%
7.40%today- Payment
- $492/mo
$806today
- 1beds
- 1baths
- 701sqft
7632 157th Street #200, Apple Valley
VA
Active
53$465,000$120,915 equity gap
- Rate
- 2.67%
7.40%today- Payment
- $1,648/mo
$2,789today
- 4beds
- 2baths
- 2,056sqft
20192 Akin Road, Farmington
VA
Active
23$335,000$69,077 equity gap
- Rate
- 2.77%
7.40%today- Payment
- $1,224/mo
$2,070today
- 3beds
- 2baths
- 1,443sqft
1201 Aspen Court, Farmington
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 Lakeville.
Live counts from the MLS feeds we index for Minnesota. Updated October 2026.
- Active listings
- 26
- UMe Certified / verified
- 0
- Lowest rate
- 2.74%
- Median rate
- 4.17%
- Median list price
- $489,900
- Median cash to assume
- $188,975
Lakeville listings by locked rate
- Under 4%12 homes
- 4% – 5%4 homes
- 5% – 6%5 homes
- 6% and up5 homes
Lakeville listings by loan type
- FHA15 homesmedian 4.25%
- VA11 homesmedian 4.16%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Lakeville ZIP code.
Each ZIP opens the Lakeville map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Lakeville numbers
What an assumable ratedoes to a Lakeville payment.
The sliders start at the median Lakeville assumable listing: $489,900 list price and a 4.17% 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)$190,000
39% 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 Lakeville
$1,573/mo
New loan at 7.20%$2,036
Assumed at 4.15%
$1,573
Every month$463
Over five years$27,782
Interest you never pay$242,21426-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 Lakeville listing on UMe shows the actual balance, rate, and payment.
How it works in Lakeville
How to assumea mortgage in Lakeville.
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 Lakeville home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Lakeville 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 $188,975 in Lakeville 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 Lakeville payment written in a different decade.
Lakeville questions
Assuming a mortgagein Lakeville.
The numbers below come from current Lakeville inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Lakeville?
As of October 2026, UMe tracks 26 active assumable listings in Lakeville. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Lakeville?
Current Lakeville inventory breaks down as FHA (15, median 4.25%) and VA (11, median 4.16%). 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 Lakeville?
The lowest rate on an active Lakeville assumable listing is 2.74%, and the median across all 26 listings is 4.17%. 12 listings are under 4% and 16 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 Lakeville?
Across current Lakeville listings, the median principal-and-interest payment on the assumable loan is $1,489 per month versus $2,333 for the same balance at today's rates, a difference of about $844 every month, or $10,122 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 Lakeville?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Lakeville that gap is currently a median of $188,975 on a median list price of $489,900. 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 Lakeville ZIP codes have the most assumable homes?
The Lakeville ZIP codes with the most active assumable listings are 55044 (24) and 55024 (2). 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 Lakeville?
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 Lakeville.The rate is already on the house.
Every listing on the Lakeville map has a rate you can take over. Start with the ones in Lakeville, get pre-qualified in minutes, and let UMe carry the assumption to closing.