2.96% FHA
$595,000
$2,140/mo
3811 Restwood Road
Circle Pines, MN
0 bd0 ba3,328 sqft
Ham Lake, Minnesota
Keep the rate.
Buy the home in Ham Lake.
1 assumable home for sale in Ham Lake, with locked rates from 6.66%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
6.66%
vs 7.2% market
$587/mo saved
Median locked rate
6.66%
Across 1 assumable listing
Typical monthly savings
$587
On a $1,170,000 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
VA
Government-backed loans are assumable by law
Verified in Ham Lake
Homes with a rate worth keeping
2.73% FHA
$285,000
$860/mo
2769 235th Avenue
Saint Francis, MN
3 bd2 ba1,767 sqft
2.83% VA
$344,900
$1,139/mo
2000 75th Avenue
Brooklyn Park, MN
3 bd2 ba1,630 sqft
3.00% FHA
$279,900
$912/mo
11698 Juniper Street
Coon Rapids, MN
2 bd2 ba1,012 sqft
3.55% VA
$400,000
$1,539/mo
14390 Crane Street
Andover, MN
3 bd2 ba1,770 sqft
4.16% FHA
$225,000
$1,051/mo
570 Ironton Street
Fridley, MN
4 bd1 ba1,231 sqft
Inventory snapshot
What’s assumable in Ham Lake right now
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 1
- Certified / verified
- 0
- Lowest rate
- 6.66%
- Median rate
- 6.66%
- Median list price
- $1,170,000
- Median cash to assume
- $177,203
Listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Listings by loan type
- VA1 homemedian 6.66%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Ham Lake ZIP code
Nearby markets
More assumable homes in Minnesota
- Minneapolis94
- Saint Paul93
- Rosemount38
- Moorhead29
- Farmington28
- Woodbury26
- Owatonna25
- Rochester23
- Lakeville22
- Shakopee22
- Cottage Grove19
- Oakdale18
- Ramsey16
- Elk River15
- Faribault15
- Mankato15
- Brooklyn Park14
- Big Lake13
- Andover12
- Apple Valley12
- Brainerd12
- Burnsville12
- Ada
- Adams
Run your numbers
The cost of waiting in Ham Lake.
A 7.2% new loan against an assumable one at 6.66%, same balance, 30 years.
You keep every month
$338/mo
Over a year$4,062
Monthly payment, side by side
7.2% vs 6.66%
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 Ham Lake
Numbers below come from current Ham Lake inventory and update as listings change.
- How many assumable homes are for sale in Ham Lake?
- As of September 2026, UMe tracks 1 active assumable listing in Ham Lake. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Ham Lake?
- Current Ham Lake inventory breaks down as VA (1, median 6.66%). 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 Ham Lake right now?
- The lowest rate on an active Ham Lake assumable listing is 6.66%, and the median across all 1 listing is 6.66%. 0 listings are under 4% and 0 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 Ham Lake?
- Across current Ham Lake listings, the median principal-and-interest payment on the assumable loan is $6,507 per month versus $7,093 for the same balance at today's rates, a difference of about $587 every month, or $7,042 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 Ham Lake?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Ham Lake that gap is currently a median of $177,203 on a median list price of $1,170,000. 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 Ham Lake ZIP codes have the most assumable homes?
- The Ham Lake ZIP codes with the most active assumable listings are 55304 (1). 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 Ham Lake?
- 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 Ham Lake.
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.
