2.89% VA
$385,000
$1,143/mo
233 Sitka Street
Duluth, MN
3 bd2 ba1,612 sqft
Hermantown, Minnesota
Keep the rate.
Buy the home in Hermantown.
Assumable mortgages let you take over a seller’s existing low-rate loan instead of financing at today’s 7.2%. These are the ones we’ve verified in Hermantown.
Avg. assumable rate
4.60%
vs 7.2% market
$336/mo saved
Average locked rate
4.60%
Across 3 assumable listings
Typical monthly savings
$336
On a $252,500 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
VA · FHA
Government-backed loans are assumable by law
Verified in Hermantown
Homes with a rate worth keeping
4.25% FHA
$175,000
$519/mo
410 39th Avenue
Duluth, MN
3 bd2 ba1,512 sqft
6.66% FHA
$197,500
$28/mo
405 58th Avenue
Duluth, MN
4 bd2 ba3,234 sqft
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 Hermantown.
A 7.2% new loan against an assumable one at 4.60%, same balance, 30 years.
You keep every month
$339/mo
Over a year$4,067
Monthly payment, side by side
7.2% vs 4.60%
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 Hermantown
Numbers below come from current Hermantown inventory and update as listings change.
- Are there assumable homes for sale in Hermantown?
- As of September 2026, there are no verified assumable listings in Hermantown. New assumable homes appear every week across Minnesota; save a search on the map and we will email you when one lands in Hermantown.
- What types of loans can be assumed in Hermantown?
- 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 Hermantown?
- 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 Hermantown.
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.
