2.84% VA
$459,000
$1,859/mo
633 Burlington Road
Saint Paul, MN
3 bd3 ba2,811 sqft
Cottage Grove, Minnesota
Keep the rate.
Buy the home in Cottage Grove.
19 assumable homes for sale in Cottage Grove, with locked rates from 2.87%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
5.30%
vs 7.2% market
$455/mo saved
Median locked rate
5.30%
Across 19 assumable listings
Typical monthly savings
$455
On a $484,900 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 Cottage Grove
Homes with a rate worth keeping
3.07% FHA
$400,000
$1,650/mo
3914 67th Street
Inver Grove Heights, MN
4 bd2 ba2,000 sqft
3.07% FHA
$249,900
$952/mo
1828 Bush Avenue
Saint Paul, MN
4 bd1 ba1,442 sqft
3.45% VA
$244,900
$1,084/mo
894 Euclid Street
Saint Paul, MN
2 bd1 ba1,326 sqft
2.87% FHA
$235,000
$774/mo
1105 Rose Avenue
Saint Paul, MN
6 bd2 ba1,465 sqft
2.89% VA
$255,000
$883/mo
8663 Quarry Ridge Lane
Woodbury, MN
2 bd2 ba1,242 sqft
Inventory snapshot
What’s assumable in Cottage Grove right now
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 19
- Certified / verified
- 0
- Lowest rate
- 2.87%
- Median rate
- 5.30%
- Median list price
- $484,900
- Median cash to assume
- $141,533
Listings by locked rate
- Under 4%5 homes
- 4% – 5%3 homes
- 5% – 6%1 home
- 6% and up8 homes
Listings by loan type
- FHA11 homesmedian 6.71%
- VA8 homesmedian 4.88%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Cottage Grove ZIP code
Nearby markets
More assumable homes in Minnesota
- Minneapolis94
- Saint Paul93
- Rosemount38
- Moorhead29
- Farmington28
- Woodbury26
- Owatonna25
- Rochester23
- Lakeville22
- Shakopee22
- 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 Cottage Grove.
A 7.2% new loan against an assumable one at 5.30%, same balance, 30 years.
You keep every month
$479/mo
Over a year$5,749
Monthly payment, side by side
7.2% vs 5.30%
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 Cottage Grove
Numbers below come from current Cottage Grove inventory and update as listings change.
- How many assumable homes are for sale in Cottage Grove?
- As of September 2026, UMe tracks 19 active assumable listings in Cottage Grove. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Cottage Grove?
- Current Cottage Grove inventory breaks down as FHA (11, median 6.71%) and VA (8, median 4.88%). 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 Cottage Grove right now?
- The lowest rate on an active Cottage Grove assumable listing is 2.87%, and the median across all 19 listings is 5.30%. 5 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 Cottage Grove?
- Across current Cottage Grove listings, the median principal-and-interest payment on the assumable loan is $2,090 per month versus $2,545 for the same balance at today's rates, a difference of about $455 every month, or $5,458 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 Cottage Grove?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Cottage Grove that gap is currently a median of $141,533 on a median list price of $484,900. 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 Cottage Grove ZIP codes have the most assumable homes?
- The Cottage Grove ZIP codes with the most active assumable listings are 55016 (19). 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 Cottage Grove?
- 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 Cottage Grove.
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.
