VA
Active
32$279,000$80,305 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $985/mo
$1,604today
- 3beds
- 2baths
- 1,706sqft
Palm Bay, Florida
Assumable homes for salein Palm Bay, Florida.
19 homes in Palm Bay carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.84%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Palm Bay assumable market
by the numbers.
19active assumable listings
2.84%lowest locked rate
$320kmedian list price
$123saved per month vs. 7.2%
About the market
Assumable mortgagesin Palm Bay, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Florida, filtered to Palm Bay. Updated October 2026.
How assumptions work for buyersPalm Bay, Florida has 19 homes for sale with an assumable mortgage as of October 2026: 11 FHA loans and 8 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 Palm Bay assumable listings start at 2.84% with a median of 6.35%; 8 listings are under 4% and 8 are under 5%.
The median assumable home in Palm Bay lists for $320,000, with a median of $79,292 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 $1,516 a month versus $1,639 for the same balance at today's rate, roughly $123 kept every month and $1,479 a year. The most active Palm Bay ZIP codes are 32909 (10), 32907 (4), 32905 (3), and 32908 (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 Palm Bay assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Palm Bay
View all 19 on the map Homes on the marketin Palm Bay.
VA
Active
45$354,770$22,698 equity gap
- Rate
- 3.90%
7.40%today- Payment
- $1,689/mo
$2,479today
- 4beds
- 2baths
- 1,830sqft
846 REMINGTON GREEN SE Drive, Palm Bay
FHA
Active
41$320,000$121,431 equity gap
- Rate
- 2.84%
7.40%today- Payment
- $921/mo
$1,544today
- 4beds
- 2baths
- 1,893sqft
180 DOLPHIN Street, Palm Bay
FHA
Active
32$320,000$124,776 equity gap
- Rate
- 2.94%
7.40%today- Payment
- $924/mo
$1,529today
- 4beds
- 2baths
- 1,845sqft
1051 POPE Street, Palm Bay
FHA
Active
11$293,000$107,516 equity gap
- Rate
- 2.99%
7.40%today- Payment
- $881/mo
$1,448today
- 4beds
- 2baths
- 1,918sqft
228 AMERICANA Boulevard, Palm Bay
FHA
Active
20$297,000$105,678 equity gap
- Rate
- 2.87%
7.40%today- Payment
- $894/mo
$1,494today
- 3beds
- 2baths
- 1,750sqft
281 SEAHORSE Circle, Palm Bay
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 Palm Bay.
Live counts from the MLS feeds we index for Florida. Updated October 2026.
- Active listings
- 19
- UMe Certified / verified
- 0
- Lowest rate
- 2.84%
- Median rate
- 6.35%
- Median list price
- $320,000
- Median cash to assume
- $79,292
Palm Bay listings by locked rate
- Under 4%8 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up11 homes
Palm Bay listings by loan type
- FHA11 homesmedian 3.02%
- VA8 homesmedian 6.41%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Palm Bay ZIP code.
Each ZIP opens the Palm Bay map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Palm Bay numbers
What an assumable ratedoes to a Palm Bay payment.
The sliders start at the median Palm Bay assumable listing: $320,000 list price and a 6.35% 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)$80,000
25% 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 Palm Bay
$1,573/mo
New loan at 7.20%$1,629
Assumed at 6.35%
$1,573
Every month$56
Over five years$3,357
Interest you never pay$95,65526-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 Palm Bay listing on UMe shows the actual balance, rate, and payment.
How it works in Palm Bay
How to assumea mortgage in Palm Bay.
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 Palm Bay home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Palm Bay 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 $79,292 in Palm Bay 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 Palm Bay payment written in a different decade.
Palm Bay questions
Assuming a mortgagein Palm Bay.
The numbers below come from current Palm Bay inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Palm Bay?
As of October 2026, UMe tracks 19 active assumable listings in Palm Bay. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Palm Bay?
Current Palm Bay inventory breaks down as FHA (11, median 3.02%) and VA (8, median 6.41%). 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 Palm Bay?
The lowest rate on an active Palm Bay assumable listing is 2.84%, and the median across all 19 listings is 6.35%. 8 listings are under 4% and 8 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 Palm Bay?
Across current Palm Bay listings, the median principal-and-interest payment on the assumable loan is $1,516 per month versus $1,639 for the same balance at today's rates, a difference of about $123 every month, or $1,479 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 Palm Bay?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Palm Bay that gap is currently a median of $79,292 on a median list price of $320,000. 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 Palm Bay ZIP codes have the most assumable homes?
The Palm Bay ZIP codes with the most active assumable listings are 32909 (10), 32907 (4), 32905 (3), and 32908 (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 Palm Bay?
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 Florida More assumable homesin Florida.
Ready when you are
Stop overpaying for Palm Bay.The rate is already on the house.
Every listing on the Palm Bay map has a rate you can take over. Start with the ones in Palm Bay, get pre-qualified in minutes, and let UMe carry the assumption to closing.