FHA
Active
39$300,000$80,441 equity gap
- Rate
- 3.28%
7.32%today- Payment
- $1,102/mo
$1,733today
- 3beds
- 2baths
- 1,788sqft
Lakeland Shores, Minnesota
Assumable homes for salein Lakeland Shores, Minnesota.
An assumable mortgage lets you take over a seller’s existing low-rate FHA, VA, or USDA loan instead of financing at today’s 7.2%. These are the ones we verify in Lakeland Shores.
Live MLS data · Updated
Lakeland Shores assumable market
by the numbers.
6active assumable listings
2.98%average locked rate
$657ktypical list price
$1,358saved per month vs. 7.2%
About the market
Assumable mortgagesin Lakeland Shores, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Lakeland Shores. Updated October 2026.
How assumptions work for buyersAs of October 2026, UMe has no verified assumable listings in Lakeland Shores. That changes quickly: assumable homes come on the market every week across Minnesota as sellers with FHA, VA, and USDA loans written at 2% to 5% decide to move. Save a Lakeland Shores search on the map and we will email you the moment one lands.
An assumable mortgage lets a qualified buyer take over the seller's existing loan, keeping the original rate, balance, and remaining term instead of financing at today's roughly 7.2%. FHA, VA, and USDA loans are assumable by law; conventional loans almost never are. UMe confirms the loan terms with the listing agent, runs the assumption with the servicer, and connects buyers with lenders who write second loans behind an assumption when the seller's equity is more than their cash.
Verified in Lakeland Shores
Homes on the marketin Lakeland Shores.
VA
Active
30$265,000$62,582 equity gap
- Rate
- 3.60%
7.32%today- Payment
- $1,082/mo
$1,635today
- 3beds
- 2baths
- 1,847sqft
3580 Hazel Trail #D, Woodbury
FHA
Active
38$409,900$389,827 equity gap
- Rate
- 2.65%
7.32%today- Payment
- $96/mo
$161today
- 4beds
- 3baths
- 2,636sqft
14789 57th Street, Stillwater
FHA
Active
35$395,000$192,214 equity gap
- Rate
- 2.72%
7.32%today- Payment
- $948/mo
$1,601today
- 3beds
- 4baths
- 2,566sqft
629 Sutherland Drive, Woodbury
VA
Active
47$699,000$311,830 equity gap
- Rate
- 2.77%
7.32%today- Payment
- $1,820/mo
$3,054today
- 3beds
- 2baths
- 2,258sqft
13997 50th Street, Afton
VA
Active
83$1,875,000$1,365,443 equity gap
- Rate
- 2.86%
7.32%today- Payment
- $2,880/mo
$4,487today
- 6beds
- 5baths
- 5,115sqft
4570 Neal Avenue, Stillwater
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.
Run the Lakeland Shores numbers
What an assumable ratedoes to a Lakeland Shores payment.
The sliders start at the median Lakeland Shores assumable listing: $657,317 list price and a 2.98% 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)$130,000
20% 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 Lakeland Shores
$2,425/mo
New loan at 7.20%$3,564
Assumed at 3.00%
$2,425
Every month$1,138
Over five years$68,294
Interest you never pay$526,18526-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 Lakeland Shores listing on UMe shows the actual balance, rate, and payment.
How it works in Lakeland Shores
How to assumea mortgage in Lakeland Shores.
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 Lakeland Shores home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Lakeland Shores 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. 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 Lakeland Shores payment written in a different decade.
Lakeland Shores questions
Assuming a mortgagein Lakeland Shores.
The numbers below come from current Lakeland Shores inventory and update as listings change.
All assumption FAQsAre there assumable homes for sale in Lakeland Shores?
As of October 2026, there are no verified assumable listings in Lakeland Shores. New assumable homes appear every week across Minnesota; save a search on the map and we will email you when one lands in Lakeland Shores.
What types of loans can be assumed in Lakeland Shores?
FHA, VA, and USDA mortgages are assumable by law and make up nearly all assumable listings in Minnesota. Conventional loans usually include a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan.
How long does a mortgage assumption take in Lakeland Shores?
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 Lakeland Shores.The rate is already on the house.
Every listing on the Lakeland Shores map has a rate you can take over. Start with the ones in Lakeland Shores, get pre-qualified in minutes, and let UMe carry the assumption to closing.
